4 ms·
~2B is peanuts among accounting scandals. In NL we had our flagship grocery chain inflate the numbers by ~10B in 2003.
by the-dude 6y ago
~2B is peanuts among accounting scandals.
In NL we had our flagship grocery chain inflate the numbers by ~10B in 2003.
- ArnoVW 6y agoParmalat invented 15 billion euros, between 1990 and 2003, having an annual revenue of 5 billion. Everything started breaking down only when they defaulted on a 150 million dollar bond, despite reporting 4 billion in liquid assets assets. https://www.econcrises.org/2016/11/29/parmalat/ https://www.econcrises.org/2016/11/29/parmalat/