Parmalat scandal drains Irish pension funds by €6.4m

The National Pension Reserve fund has confirmed it has suffered a loss of €1.4 million as a result of the financial scandal at Italian food group Parmalat.

Parmalat scandal drains Irish pension funds by €6.4m
Fri, 09 Jan, 2004 - 00:00
Stefano Bernabei

Meanwhile, the Irish Association of Pension Funds estimated today an additional €5m was lost by pension funds here due to the scandal.

Parmalat, Europe's fourth-largest food group, collapsed just before Christmas when it emerged that as much as €10 billion may have gone missing.

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CourtsPlace: EuropePlace: ParmaPlace: LondonPlace: USPlace: New YorkPlace: MilanPerson: Carlo ZauliPerson: Giuseppe LozuponePerson: Anna CampiliiPerson: ZauliPerson: Calisto TanziPerson: TanziEvent: ParmalatEvent: ChristmasOrganisation: National Pension Reserve FundOrganisation: ParmalatOrganisation: Irish Association of Pension FundsOrganisation: Parmalat Creditors CommitteeOrganisation: TGfinOrganisation: Banca IntesaOrganisation: CapitaliaOrganisation: MediasetOrganisation: Bank of AmericaOrganisation: Parmalat GroupOrganisation: Parma
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