According to a report in the UK's Sunday Telegraph, Enrico Bondi, the special administrator appointed by the Italian government to investigate the collapse of Parmalat, is preparing to sue the dairy group's former advisers and bankers.
Speaking to the newspaper, an unnamed source close to the administration process confirmed that:
"They are thinking very seriously about going for advisers and for those banks which were writing debt which helped Parmalat carry on for so long."
The Telegraph report went on to suggest that Bank of America and Citigroup are both likely to be in Mr Bondi's firing line, alongside Morgan Stanley, Deutsche Bank, auditors Deloitte, and the former Italian branch of Grant Thornton.
Several of the banks and advisers in question are also facing class actions from US investors, and are being probed by the US Securities and Exchange Commission (SEC) over their role in shoring up the ailing firm.
.Tags: Italy | Italy
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