Word: lugano
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Dates: during 2004-2004
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...former Milan-based Bank of America execs. One of them, Antonio Luzi, recounted to magistrates how Sala had given him a total of $900,000 on three separate occasions for helping him set up the Brazilian refinancing. Luzi met him at a prearranged spot in the Swiss town of Lugano, handed him an empty briefcase, and waited. About an hour later, Sala returned with the case filled with cash. By now Parmalat's true debts were too big to hide. The beginning of the end came in 1999, when Parmalat executives transferred the activities of the three shell companies...
...exaggerates the significance of the landing. A widely acknowledged turning point was the 1942-43 Battle of Stalingrad, which ended in a dramatic reversal for the German army. Unfortunately, the Soviet Union's critical contribution to Germany's defeat is often downplayed by the West. JURGEN SCHMIDHUBER Manno-Lugano, Switzerland