Tanzi granted house arrest

Parmalat Finanziaria SpA’s founder and former chairman Calisto Tanzi was granted house arrest, his lawyer Fabio Belloni said.

Tanzi granted house arrest
Sat, 10 Apr, 2004 - 01:00

Tanzi was arrested and imprisoned on December 27 after Italy’s largest dairy filed for bankruptcy after admitting that a $4.9 billion bank account didn’t exist.

He has been in jail in the cities of Milan and Parma, Italy ever since.

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