Parmalat play waiting game as Italian police conduct LAG 'embezzlement' probe
Published: 2012-12-19 Authour: Mark Astley Views: 11
Core Tip: Parmalat has been given “no indication” of the timescale of the Guardia della Finanza – the Italian Tax Police – investigation into Parmalat’s May 2012 acquisition of Lactalis American Group (LAG).
Last week, Tax Police units from Bologna and Parma executed search warrants at Parmalat’s corporate headquarters in Collecchio and at the offices of Gruppo Lactalis Italia – the operating company that manages Parmalat.