It is rare that legal heavyweights find themselves in the cross-hairs of national prosecutors, so Sergio Erede’s shock inclusion in a group of 71 potential defendants targeted in the investigation into the Parmalat scandal has certainly taken the Italian legal market by surprise.
Erede, who helped found Italian firm Bonelli Erede Pappalardo, spent 10 years during the 1990s as an independent non-executive director of the food giant’s parent, Parmalat Finanziaria. Parmalat became subject to an investigation in 2003 after an €8bn (£5.5bn) accounting black-hole was discovered.
