© D.L. Crumbley
Former Bank of America executive Luca Sala told investigators that over 7 years he took $27 million in a kickback scheme involving Parmalat.
He obtained the monies by a kickback arrangement with an outside broker who helped organize bond issues from Parmalat.
Mr. Sala (corporate finance head)
Source: A. Galloni and C. Mollenkamp, “Ex-Parmalat Banker Admits Stealing $27 Million,” WSJ, February 27, 2004, p. A-3.