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Parmalat executives appear in court over multi-billion collapse

AFP,  October, 2004  

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MILAN (AFP) — Top executives and legal representatives from Parmalat and a swathe of leading financial institutions associated with Europe's biggest financial scandal went before a judge at a preliminary hearing into massive fraud allegations.

Dozens of small savers and shareholders of the more than 100,000 affected by the collapse attended the hearing in Milan, but the main accused, Calisto Tanzi, the 65-year-old former chairman and founder of Parmalat, was absent.

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