B5

B5 or B-5 may refer to:. The family football and tourism enterprises were financial disasters; as well as Tanzi's attempt to rival Berlusconi (another rags-to-riches Italian success story) by buying Odeon TV, only to sell it at a loss of about €45 million. B5, a teenage R&B group signed to Bad Boy Records. After his arrest, Tanzi reportedly admitted during questioning at Milan's San Vittore prison, that he diverted funds from Parmalat into Parmatour and elsewhere. B5, the IATA code for Amadeus Flugdienst. Among the questionable accounting practices used by Parmalat: it sold itself credit linked notes, in effect placing a bet on its own credit worthiness in order to conjure up an asset out of thin air. B5, a Japanese standard paper size (182×257 mm). Italians were shocked that such a vast and established empire could crumble so quickly.

B5, an international standard paper size (176×250 mm), defined in ISO 216. Tanzi, once a symbol of unlimited success, was detained hours after the firm was declared officially insolvent and eventually charged with financial fraud and money laundering. HMS B5, a B-class submarine of the Royal Navy. Prime Minister Silvio Berlusconi initiated a fraud investigation and appointed Bondi to administer the company's rescue. The Keystone B-5, a light bomber of the United States Army Air Corps. Parmalat's bank, Bank of America, then released a document showing €3.95 billion in Bonlat's bank account as a forgery. Vitamin B5. Tanzi himself resigned as chairman and CEO.

B5, a Mazda piston engine. Enrico Bondi was called in to help the company. Babylon 5, a television show. In December, Del Soldato resigned, unable to get cash from Epicurum fund, needed to pay debts and make bond payments. Ferraris resigned less than a week later replaced by Luciano Del Soldato. The crisis became public in November when questions were raised about transactions with mutual fund Epicurum, another Cayman-based company linked to Parmalat causing its stock to plummet.

After this CFO Fausto Tonna resigned in March replaced by Alberto Ferraris. The first indication of financial problems came in early 2003 as the company tried to sell €500 million in bonds. In 1999, Parmalat set up a subsidiary in the Cayman Islands called Bonlat. At the end of 2003, one of the biggest corporate scandals in history came to light as an €8 billion hole was discovered in Parmalat's accounting records.

The post-listing expansions include:. Four decades later the company had grown into a multinational corporation diversifying into milk, dairy, beverage, bakery, and other product lines in the 1980s, becoming listed on the Milan stock exchange in 1990, and expanding further in the 1990's. In 1961, Calisto Tanzi, a 22-year old college dropout, opened a small pasteurisation plant in Parma, Italy. .

Over 36,000 workers around the world collect Parmalat pay packets, and 5,000 Italian dairy farms are dependent on the company for the bulk of their business. Its worldwide operations include almost 140 production centers. Parmalat SpA, an Italian dairy and food corporation and Europe's biggest dairy company, was declared bankrupt in late 2003. TV network, Odeon TV (sold).

Francesca - chief executive. ParmaTour - travel group (bankrupt, sold)