Parmalat, the Prosecutor of Parma requests the revocation of the board of directors and a judicial administrator

Revocation of the board of directors and appointment of a judicial administrator. These are the requests of the Prosecutor of Parma to the Court at the end of its conclusions in the civil proceeding pursuant to article 2409, i.e. for the suspicion of irregularities in the management of a company. The objective is to evaluate Parmalat's revision of the contract for the purchase of Lag (Lactalis American Group). According to the prosecutor's office, the operation damaged Parmalat, which would have paid too high a price for the US company, a price which was subsequently revised to 774 million with a reduction of 134 million dollars. The problems depend on the fact that Parmalat is controlled by the French Besnier family who also owned Lag itself.