Italian dairy boss gets 10 years

The founder of former Nelson Piquet F1 sponsor Parmalat, Calisto Tanzi, has been sentenced to 10 years in prison for fraud relating to the collapse of the dairy group. Tanzi was accused of manipulating the share price, hindering auditors and helping with false accounting.

Parmalat collapsed in 2003 with a 14bn euro ($20bn; £13bn) hole in its accounts in what remains Europe's biggest bankruptcy.

The other seven defendants, including executives and bankers, were acquitted.

Another eight defendants settled out of court in September.