Parmalat probe widens


  • Business
  • Saturday, 10 Jan 2004

MILAN: Italian prosecutors have widened their fraud investigation into dairy group Parmalat to two Deloitte & Touche auditors and a former Bank of America executive, while Luxembourg added a new dimension with a money-laundering probe. 

As the investigations spread on Thursday, Parmalat fired its second set of auditors in 24 hours and accountancy firm Grant Thornton International expelled its Italian unit. 

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