The former president of the Banco di Roma, Cesare Geronzi, he was acquitted of bankruptcy charges in the context of the process for the Eurolat operation, Cirio's milk sector. This was decided by the judges of the Court of Rome who instead sentenced the former owner of Cirio to 5 and a half years, Sergio Cragnotti.
La Parmalat of Calisto Tanzi - according to what emerges from the sentence - was not forced to buy between 1999 and 2000 "at the incongruous price" of 829 billion old lire, at least 200 billion higher than the actual value, Eurolat, the dairy branch of the Cirio group.
The prosecutor Paola Filippi had asked for Cesare Geronzi, at the time president of the Capitoline credit institution, and for Sergio Cragnotti a sentenced to 9 years for the crime of complicity in bankruptcy and 5 years for other members of the company's board at the time.
