Judge Orders Tanzi To Stand Trial In Parmalat Case

Law360, New York (July 25, 2007, 12:00 AM EDT) -- The founder of Parmalat SpA will face allegations of fraudulent bankruptcy and criminal association, after a Parma judge ordered him to stand trial in the bankruptcy case of the fallen Italian dairy giant.

Judge Domenico Truppa named founder Calisto Tanzi, along with financial director Fausto Tonna and 21 other former executives, in court papers on Wednesday, the final day of preliminary hearings leading up to the trial.

If found guilty, the defendants could each face up to 15 years in prison. Their conviction would also be...
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