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Europe Daily Bulletin No. 8796

30 September 2004
Contents Publication in full By article 15 / 31
GENERAL NEWS / (eu) eu/financial services
Drawing lessons from Parmalat experience, Commission proposes strategy to combat misappropriation of funds

Brussels, 29/09/2004 (Agence Europe) - Enron shareholders lost $67 billion in one year, and Parmalat's stock market capitalisation plummeted by over 90% in just three months. On this basis, the European Commission tackles bogus companies, fraudulent financial engineers and other systems that allow for the financial losses of a company to be passed on to small investors. In a communication adopted this week, it proposes a strategy to combat misappropriation of funds and other irregular...

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GENERAL NEWS