Italian prosecutors have called for 29 former Parmalat executives and three financial institutions to face charges over the massive financial scandal at the Italian food group.

Among those named by prosecutors were Parmalat founder Calisto Tanzi, his son and his brother, former Parmalat board members, company accountants and outside auditors, a judicial source told Reuters.

Sixteen people, including Tanzi, are under arrest, accused of crimes such as market rigging, false auditing and regulatory obstruction.

The prosecutors’ list also included the Italian affiliates of Deloitte & Touche, Grant Thornton and Bank of America.

Under Italian law, prosecutors had up until 19 March to ask a judge to approve fast-track legal proceedings against the accused, cutting out the need for preliminary hearings. If the judge rejects the request, prosecutors will have to find more evidence before the cases are brought to trial, reported Reuters.