Parmalat Investigators Eye Ex-Bank Of America Execs

Law360 (March 7, 2006, 12:00 AM EST) -- Investigators of Parmalat SpA’s €14 billion crash named three former Bank of America Corp. executives as suspects for allegedly playing a part in fraudulent bankruptcy and other criminal charges.

Prosecutors in Parma, Italy wrote in a court document that Luca Sala, Luis Alfonso Moncada and Antonio Luzi may have given loans to Parmalat at above-market costs, all the while knowing that the firm’s balance sheets rang false and not notifying the market, according to Dow Jones Newswires.

In addition, the executives were being accused of profiting...
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