Italian court clears four big banks over Parmalat

  #1  
Old 04-19-2011, 03:55 AM
Junior Member
Thread Starter
Join Date: Aug 2010
Posts: 5
Default Italian court clears four big banks over Parmalat

A Milan court on Monday cleared four international banks of criminal charges related to the bankruptcy of Italy's biggest listed food group Parmalat.Morgan Stanley wholesale jerseys, Citigroup, Deutsche Bank and Bank of America were cleared of market-rigging accusations in Parmalat's collapse in 2003 on a debt of 14 billion euros (20 billion U.S. dollars), according to the ANSA news agency.The Milan court also cleared charges against all the executives of the four banks.Earlier this year tiffany, Italian prosecutors had asked the court to confiscate 120 million euros (170 million dollars) from the four banks.Considered the biggest bankruptcy case in Italy's industrial history, Parmalat's collapse wiped out the savings of more than 100,000 retail investors who had bought the group's investment-grade corporate bonds.The four banks, which had repeatedly denied any wrongdoings and claimed they were defrauded by Parmalat Evening dresses, expressed satisfaction with the verdict in the two-year trial.
 
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
ViktorSarap
General Tech Help
0
12-27-2008 06:30 PM
innovativeperform
PRIVATE For Sale / Trade Classifieds
1
12-19-2008 09:13 AM
KEYKIT
PRIVATE For Sale / Trade Classifieds
0
10-23-2007 11:27 PM


Thread Tools
Search this Thread
Quick Reply: Italian court clears four big banks over Parmalat


Advertising
Featured Sponsors
Vendor Directory

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

© 2019 MH Sub I, LLC dba Internet Brands

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.