Two Charged In Switzerland Over Parmalat Collapse

Law360, New York (April 15, 2008, 12:00 AM EDT) -- Two unidentified people have reportedly been charged by Swiss prosecutors over the collapse of Italy's dairy giant Parmalat SpA.

The unnamed pair were charged with fraud and money laundering and face trial before the Swiss federal criminal tribunal, AP reported Tuesday.

The charges are part of a larger probe by Swiss investigators of 18 Parmalat insiders accused of involvement in the company's spectacular downfall in 2003, AP said.

Though prosecutors did not identify the two accused, Swiss authorities have sought the extradition of former Bank of...
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