Word: sala
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Dates: during 2000-2009
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Traveling in the Gulfstream corporate jet with Lewis was Luca Sala, then a managing director of Bank of America in Milan who worked on some of the bank's transactions for Parmalat. Less than a month later, the bank fired him for allegedly fiddling his expenses. He immediately began work for Parmalat. Ferraris says he needed Sala's help to understand a $400 million private-placement setup for Parmalat...
...arrival, matters. In Indonesia-born Fiona Tan's Rain, two blue plastic buckets never quite get filled by a monsoon. It's a symbol of futility, like emptying the sea with a cup, yet a soothing, contemplative one. Equally calm but with a sinister undertone is Albanian Anri Sala's Blindfold. Blank billboards on Vlorë and Tirana roofs reflect the rising sun into the viewer's eyes, people hurry by on the street, and after a long stillness, a pallid hand emerges from a balcony, hangs out a towel, and quickly withdraws. The works are isolated in dimmed rooms...
...arrival, matters. In Indonesia-born Fiona Tan's Rain, two blue plastic buckets never quite get filled by a monsoon. It's a symbol of futility, like emptying the sea with a cup, yet a soothing, contemplative one. Equally calm but with a sinister undertone is Albanian Anri Sala's Blindfold. Blank billboards on Vlor? and Tirana roofs reflect the rising sun into the viewer's eyes, people hurry by on the street, and after a long stillness, a pallid hand emerges from a balcony, hangs out a towel, and quickly withdraws...
...investors were cheered by the idea that Americans were buying into the company. The transaction is now a central element of Bondi's case against the bank; he says it made a loan look like an equity infusion, a charge the bank denies. The refinancing was even more controversial: Sala admitted to skimming off a "commission" via the offshore company he'd set up to handle it. Bank of America says it didn't know that at the time. By mid-2003, such peculiar transactions had become too much for some big investors. When Bank of America was preparing...
...Traveling in the Gulfstream corporate jet with Lewis was Luca Sala, a managing director of Bank of America in Milan who worked closely on some of the bank's transactions for Parmalat. Less than a month later, the bank fired him for allegedly fiddling his expenses, so he immediately took a new job - with Parmalat. Ferraris says he needed Sala's help to understand a complex $400 million in financing provided by big institutional investors in the U.S. Sala, 40, has since confessed to magistrates that he received more than €20 million in commissions from Parmalat for helping...