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Buy custom Parmalat To Sue Auditors

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Topic: Business
Number of pages / Number of words: 3 / 705
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We'll present ourselves to the court as a compact group."

The Parmalat scandal erupted after auditors discovered a "financial black hole" in the company's accounts amounting to nearly ?10 billion.

Prosecutors allege that Parmalat misled investors by claiming it had offshore assets that did not exist...


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PARMALAT, the bankrupt Italian food company, is suing outside auditors Grant Thornton and Deloitte & Touche, seeking ?5.5 billion in damages.

The lawsuit described Grant Thornton auditors as "active conspirators" with Parmalat’s former management.

Grant Thornton partners, it claimed, aided Parmalat’s management in "setting up fictitious companies and structuring fake transactions whose only purpose was to siphon off billions of dollars of assets from Parmalat"...


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