31/12/2003 Police arrest five former Parmalat executives
The Collapse of Italian Dairy Giant Parmalat
Parmalat fraud trial opens in Milan
Founder of once dairy giant set to appear in fraud trial
Italian police arrested five top Parmalat officials, as they widen their inquiries into the multi-billion euro fraud at the dairy company. The Parmalat scandal was often compared with the collapse of U.S. energy giant, Enron.