Calisto Tanzi

Calisto Tanzi
Tanzi in 1996
Born(1938-11-17)17 November 1938
Collecchio, Parma, Emilia-Romagna, Italy
Died1 January 2022(2022-01-01) (aged 83)
Parma, Italy
NationalityItalian
EmployerParmalat
Criminal chargeFraud, fraudulent bankruptcy, criminal association
PenaltyEight years imprisonment (final), 18 years imprisonment (appealed), nine years imprisonment (appealed)

Calisto Tanzi (17 November 1938 – 1 January 2022) was an Italian businessman. He founded Parmalat in 1961, after dropping out of college. Parmalat collapsed in 2003 with a €14bn ($20bn; £13bn) hole in its accounts in what remains Europe's biggest bankruptcy.[1] In 2008 Tanzi was found to have embezzled an estimated €800 million from the company, and was jailed for fraud.[2] Although sentenced to up to 18 years in prison, Tanzi served just over two years in jail and then was placed under house arrest. [3]

  1. ^ Cite error: The named reference bbc10 was invoked but never defined (see the help page).
  2. ^ "Tanzi says he milked Parmalat for $800m - www.smh.com.au". 31 December 2003. Retrieved 16 October 2016.
  3. ^ "Calisto Tanzi dies at 83". Italy24 News English. 1 January 2022. Archived from the original on 2 January 2022. Retrieved 2 January 2022.