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http://newsvote.bbc.co.uk/mpapps/pagetools/print/news.bbc.co.uk/2/hi/business/3369079.stm
15/09/2011
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31 December -- Police arrest five former Parmalat executives including Fausto Tonna and Luciano Del Soldato. 2004 5 January -- Parmalat's new management prepare to meet with creditor banks to ask for money to keep operating. Police question former finance chief Fausto Tonna, alleging he helped construct a web of offshore bank accounts and holding. 8 January -- Accountants Grant Thornton expel their Italian partner firm because of its involvement in auditing Parmalat. Italian officials investigate accountants at Deloitte & Touche. 17 January -- Bank of America says it can find no trace of an account which a creditors' group had said contained about 7bn euros. 23 January -- Alessandro Bassi, former aide to Fausto Tonna, commits suicide. 26 January -- Auditors determine that as of September 2003 Parmalat had debts of 14.3bn euros, almost eight times what management had claimed at the time. 6 February -- President of Parmalat's Brazilian business warns it is close to collapse. 17 February -- The son and a daughter of Mr Tanzi - Stefano and Francesca - are arrested. 18 February -- Calisto Tanzi is rushed to hospital with suspected heart problems. 24 February -- Parmalat USA, the firm's American subsidiary, filed for bankruptcy protection in New York. 28 April -- Parma football club, sponsored by Parmalat, is declared insolvent. 26 May -- Prosecutors call for 29 people, the Bank of America and Parmalat's two auditors to stand trial. 30 July -- Parmalat sues banking giant Citigroup, seeking damages of up to $10bn. 9 August -- Parmalat sues Deutsche Bank for $20m. 18 August -- Parmalat sues former auditors Deloitte & Touche and Grant Thornton International. 19 August -- Parmalat sues Credit Suisse First Boston for 250m euros. 7 October -- Parmalat files lawsuit against Bank of America. 29 October -- Bank of America and auditors Grant Thornton fight back against Parmalat and launch their own law suit claiming compensation. 16 December -- Parmalat widens its attack and sues 45 Italian and international banks. 2005 25 January -- A court rejects compensation claims by the Bank of America and Grant Thornton. 3 February -- Parmalat reports a doubling of fourth-quarter pre-tax profit to 77m euros from a year earlier. 27 May -- Italy's financial markets regulator Consob gives permission for Parmalat to relist on the stock exchange. 23 June -- Morgan Stanley agrees a 155m euros settlement with Parmalat relating to a 2003 bond deal.
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15/09/2011
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Story from BBC NEWS: http://news.bbc.co.uk/go/pr/fr/-/2/hi/business/3369079.stm Published: 2005/09/28 13:25:16 GMT BBC 2011
http://newsvote.bbc.co.uk/mpapps/pagetools/print/news.bbc.co.uk/2/hi/business/3369079.stm
15/09/2011