Wednesday, February 11, 2004

Cay: Parmalat in the cross-hairs around the globe

An investigation by authorities in Cayman into local Parmalat activities after the company announced that $5billion held by Cayman subsidiary Bonlat Financing Corp in a Bank of America account were fake, is just one of many worldwide inquiries into the food firm's multi-billion-dollar accounting scandal.

According to Reuters, the following is a list of some of the investigations and inquiries under way around the world. No-one has yet been charged.

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