Police detained seven more people and issued an arrest warrant for an eighth in the spiraling Parmalat scandal, accusing top former officials at the dairy giant as well as outside auditors with ...

Although it will be more than a year before those involved in one of the biggest cases of corporate fraud in European history are brought to trial, the impact of the Parmalat scandal can be seen ...

Like tens of thousands of Italians, Walter Toffoletto bought Parmalat bonds thinking that Italy's largest food group would be a rock-solid investment for the future. Now, he's all regrets. "I am one ...

A judge ordered former Parmalat chief executive Calisto Tanzi on Tuesday to remain in prison amid accusations he contributed to the dairy company's bankruptcy and misappropriated millions of dollars ...

The huge milk-and-cookies empire here of jailed Parmalat tycoon Calisto Tanzi could be up for grabs if his company collapses. His bankrupt, Italian-based conglomerate is the biggest milk supplier for ...

The move comes on the same day a U.S. Securities and Exchange Commission official met with prosecutors in Milan. The SEC has filed suit against Parmalat for engaging in what it describes as "one of ...

It's being called Europe's Enron, and the fraud that felled the Italian dairy titan Parmalat Finanziaria SpA has tagged many of the same banks. Once again, Citigroup Inc. is being accused of ...

Calisto Tanzi was detained in Italy’s financial capital, Milan, on the order of prosecutors probing for fraud at Parmalat, engulfed in one of Europe’s biggest corporate scandals after revealing a ...

When Enron launched an era of scandal in 2002, Old Europe had a good sneer about the ugly excesses of American capitalism. Now Europe has a scandal as large as any uncovered in the United States.

Parmalat founder Calisto Tanzi had already been sentenced for separate offences The founder and former chief executive of Italian food conglomerate Parmalat has been sentenced to 18 years in jail for ...