THE PARMALAT FRAUD: the rise and fall of Italy’s milk colossal
Alessandra Kozlova The 5 th of May 2002 was a true miracle for the people of Parma, a little city in Northern Italy. The masterfully executed goal of Adrian Mutu, attacker of the local soccer team, brought them a second National Cup. Especially cheerful were the employees of the biggest milk-producing company in the country, Parmalat, whose CEO Callisto Tanzi also owned the soccer team. In 40 years, he transformed a small family business into a multinational company with over 150...