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Former Parmalat boss behind bars

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Former Parmalat boss behind bars

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Former Parmalat chief Calisto Tanzi has been jailed after he lost a final appeal against a prison sentence over a huge fraud scandal.

Tanzi had his jail term reduced from ten to eight years for stock market manipulation related to the collapse of the dairy group in 2003.

The 72-year-old was handed an 18-year prison sentence in December on separate fraud charges