Can't blame the auditors for this one!
According to the book, Gomorrah, about the Neapolitan mafia, the Camorra, Parmalat worked very closely with that criminal group giving them exclusivity in the distribution of its products in large parts of Italy.
A nice partnership indeed!
Onésimo Alvarez-Moro
See article:
The founder of Parmalat, Calisto Tanzi, has been sentenced to 10 years in prison for fraud relating to the collapse of the dairy group.
Tanzi was accused of manipulating the share price, hindering auditors and helping with false accounting.
Parmalat collapsed in 2003 with a 14bn euro ($20bn; £13bn) hole in its accounts in what remains Europe's biggest bankruptcy.
See full Article.
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