Parma, Italy, Feb 09: At least two million euros (USD 2.5m) have been seized in a Monte Carlo bank account at the request of Italian prosecutors investigating the collapse of dairy group Parmalat, legal sources said. The account, in a Monte Carlo subsidiary of Credit Suisse First Boston, was in the name of Fabrizio Rust, a pseudonym of Parmalat’s former director Luciano Del Soldato, who has been in custody since December 31. The seizure was the result of inquiries made by the Parma prosecutors in Monaco , Luxembourg and Liechtenstein , legal sources said. Several other banks have already faced visits by officials probing fraud allegations at Parmalat, where group debt is now estimated at 14.3bn euros (USD 17.9bn), nearly eight times the amount initially admitted by the company’s former management. Parmalat, which is active in 30 countries and employs around 36,000 people, was declared insolvent on December 27 and is being run by government-appointed administrator Enrico Bondi. Industry minister Antonio Marzano said on Friday after meeting with Bondi that he hoped that creditors would approve a financial and industrial restructuring of Parmalat by April. Investigations have been opened against 28 people, according to a revised figure provided by Italian magistrates, including Parmalat founder Calisto Tanzi. Several other former executives have also been detained in Italy but no formal charges have yet been filed in the affair, which has shocked the Italian business establishment and could prove to be one of the largest corporate failures ever in Europe. Bureau Report