A Parma bankruptcy court declared Parmalat Finanziaria and its units Eurolat and Lactis insolvent, court sources said. The parent company owns the Parmalat dairy operations and foreign accounts at the heart of a scandal one lawyer said was in the same league as the "clean hands" probe of Italian political corruption in the early 1990s. However, the Parmalat affair concerns companies and jobs in 30 countries on six continents, including Australia.