The ongoing investigation into the accounting scandal at Italian food giant Parmalat has been widened to take in five foreign and two Italian banks.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


Placed under investigation were Bank of America, Citigroup, Deutsche Bank, Morgan Stanley, UBS, Banca Popolare di Lodi and Banca Intesa’s fund management unit Nextra, Italian news agency ANSA reported.


They are being investigated on suspicion of participation in market-rigging, it is reported.


Meanwhile Calisto Tanzi, founder and chief shareholder of Parmalat, has been transferred from a Milan jail to prison in Parma so that prosecutors can more easily interrogate him as part of their probe into the accounting scandal.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact