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| Version 1 | Version 2 |
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| Italian dairy boss gets 10 years | |
| (10 minutes later) | |
| The founder of Parmalat, Calisto Tanzi, has been sentenced to 10 years in prison for fraud relating to the collapse of the dairy group. | The founder of Parmalat, Calisto Tanzi, has been sentenced to 10 years in prison for fraud relating to the collapse of the dairy group. |
| Tanzi was accused of manipulating the share price, hindering auditors and helping with false accounting. | Tanzi was accused of manipulating the share price, hindering auditors and helping with false accounting. |
| Parmalat collapsed in 2003 with a 14bn euro ($20bn; £13bn) hole in its accounts in what remains Europe's biggest bankruptcy. | |
| The other seven defendants, including executives and bankers, were acquitted. | |
| Another eight defendants settled out of court in September. | |
| Money recouped | |
| More than 40,000 investors are seeking compensation for losses. | More than 40,000 investors are seeking compensation for losses. |
| The court will now decide whether Tanzi should pay damages to them. | The court will now decide whether Tanzi should pay damages to them. |
| Parmalat was restructured and relisted on the Milan stock exchange in 2005 and is once again Italy's biggest market-listed food group. | |
| It has recouped money from its banks in settlements since the collapse. | |
| Tanzi will probably not begin his jail term straight away because under Italian law the sentence of the Milan court must be confirmed first by an appeals court. | |
| Tanzi is also a defendant in a separate trial under way in Parma, where he is accused of fraudulent bankruptcy. |