A MILAN judge sentenced 10 former Parmalat executives and a lawyer to jail yesterday in the first guilty ruling following the €14 billion collapse of Italy’s biggest listed food company.

An Italian judge today handed down the first verdicts in the fraud scandal at Italian dairy giant Parmalat, convicting 11 people under plea bargain arrangements.

A MILAN judge has formally charged Parmalat founder Calisto Tanzi, plus 15 other executives and three financial institutions over their role in the scandal that plunged one of Italy's best-known brands into insolvency.

Two former auditors at Parmalat were ordered to stand trial today for market rigging – the first indictments since the massive fraud scandal at the Italian dairy giant.