photo: repubblica.it

On 3 May 2004 Time magazine published an article about Geronzi. You only had to read it to then take action to remove him from Capitalia.

In my shows I said the same thing about Geronzi: I've got all the recordings.



Today, almost 2 years later, Geronzi has been disqualified, from his position as President of Capitalia by the Procura di Parma (Parma’s prosecution office) saying that if the proof against him for the bankruptcy of Parmalat had been discovered earlier, they would have arrested him.

But blessed judges you are always in time even if the proof comes to light just now. Arrest him all the same.
Do this for the Italian people.
Do it above all for those who have invested their savings in Parmalat bonds in 2003, perhaps, even with the loving assistance of their Banks wanting to transfer the debts they had in Parmalat onto others.
Andrea Del Moretto, a Director of Capitalia had discovered in 2002 how things were with Parmalat, with bonds in circulation amounting to about 7,000,000,000 Euro against the 1,200,000,000 declared in the accounts.
Geronzi did nothing, he didn’t withdraw credit facilities form Parmalat and he allowed bonds with a hole in the middle to be sold for more than a year.

Enrico Bondi, group managing director of Parmalat, in his statement of 16 December 2005 against Capitalia, he stated that the value of credit “allowed” by the banks to Tanzi amounted to “1,809,000,000,000 lire compared to a turnover of 1,677,000,000,000 lire”.

What luck that we have Bondi as well as the bonds.

Seventy-year-old Geronzi has to go and will go.

But Capitalia has not been the only Bank in the year of Our Lord 2003 to sell picture-card bonds to the Italians in the biggest legalised swindle since the War.

There were other Banks, other Presidents who still have not been called in…..