An Italian court on Monday ordered the release from prison of a daughter of Parmalat founder Calisto Tanzi who was arrested three weeks ago, judicial sources said.
Francesca Tanzi, who served on the board of the family's travel firm Parmatour, was arrested on February 17.
She has denied having a real management role but her arrest warrant said she must have known about 145 million euros ($176.8 million) diverted out of Parmalat and into Parmatour holding company HIT.
Former HIT Chief Executive Fabio Branchi, under house arrest since last month, was also released on Monday on grounds of ill-health, the sources said.
Comments
Comments are closed.