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BUSINESS BRIEFING / COURTS

Parmalat founder is convicted

December 19, 2008|TIMES WIRE REPORTS

Parmalat founder Calisto Tanzi was convicted in Milan, Italy, of market rigging and other charges in the 2003 collapse of the Italian dairy giant and sentenced to 10 years in prison.

It was the first of several trials seeking to assign blame for what remains Europe's largest corporate bankruptcy.

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