Judge in Parmalat Case Balks at Indictments
From Bloomberg News
Italian prosecutors failed to persuade a judge to indict Parmalat founder Calisto Tanzi, Bank of America Corp.’s Italian unit, two auditing firms and 28 other people.
Judge Guido Piffer’s ruling means a trial in Italy’s biggest bankruptcy case may not start for several months.
Piffer rejected the bid by prosecutors in Milan to set an immediate trial date, saying insufficient evidence was produced of wrongdoing at the country’s largest food and dairy company by all of the suspects.
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