Parma

Former Parmalat chief released to house arrest

Seriously ill Tanzi serving 18-year sentence

Former Parmalat chief released to house arrest

Parma, March 7 - A Bologna court on Thursday ruled to release founder and former CEO of the food group Parmalat, Calisto Tanzi, to a house arrest where he will continue to serve his sentence for the fraudulent bankruptcy that led to Parmalat's 2003 collapse. The seriously ill Tanzi had appealed an 18-year sentence handed down in December 2010. Tanzi has been hospitalized in Parma's Maggiore hospital since February 18.

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