Judge convicts 11 for role in Parmalat case

28/06/2005 - 10:35:16
An Italian judge today handed down the first verdicts in the fraud scandal at Italian dairy giant Parmalat, convicting 11 people under plea bargain arrangements.

Milan Judge Cesare Tacconi gave prison sentences to 11 suspects including three of the company’s chief financial officers who served during 2003, the year the company collapsed.

The 11 had plea bargained for shorter terms in exchange for acknowledging wrongdoing in the dairy group’s descent into insolvency.