Parmalat Prosecutors Scrutinize Banks

Italian prosecutors investigating the Parmalat fraud scandal met representatives of Citigroup and Deutsche Bank as they turned their sights on banks linked to the food group.

Separately, a judicial source said Parmatour, a tourism company owned by Parmalat’s founding Tanzi family, had a hole of as much as $3 billion in its accounts, a claim the company swiftly denied.

The banks’ role and Parmatour’s financial woes were two key strands under investigators’ microscopes as they probed the origins of a hole as big as $12 billion in Parmalat’s accounts.