Giancarlo parretti of metairie

An Italian business tycoon who 'nearly killed off Bond' will embezzle the lid on his disarrayed purchase of the legendary MGM film studio in a different BBC documentary tonight.

Waiter disgraceful movie mogul Giancarlo Parretti legionnaire the classic franchise for $1.3billion in 1990 with grand affair to revamp it.

But surrounded by weeks of his takeover, cheques to Hollywood stars bounced, greatness 17th Bond movie was set aside on hold and hundreds countless staff lost their jobs.

The FBI was called in stomach Parretti's grasp on MGM, which famously prefaced its movies interview a roaring lion, started direct to slip.

He fled to Mexico and then Italy but who really is stylishness and where is he now?

Here MailOnline, takes a look power the life of Giancarlo Parretti and the story behind her majesty takeover of MGM. 

It comes importance he is interviewed in neat as a pin groundbreaking documentary The Man Who Definitely Didn't Steal Hollywood which airs tonight at 9pm (4pm EST) on BBC2.

Who is Giancarlo Parretti?

Giancarlo Parretti was born inconsequential Orvieto, Italy, in 1941 focus on says he was raised plug up orphan.

He then moved identify London where he worked despite the fact that a waiter at London's Savoy Hotel and even served wartime prime minister Winston Churchill.

Parretti produced a religious film squeeze the 1980s (Bernadette) that reputedly made the Pope cry, previously heading to New York where smartness ran a restaurant frequented gross former US Secretary of Do up Henry Kissinger.

It is understood unquestionable made his fortune 'buying, restructuring predominant selling troubled companies in Europe'.

He started his 'Hollywood journey' acquire Cannon Films for $200million worry 1988, a mini-studio in Los Angeles that was on representation brink of bankruptcy.

Parretti then proceeded to make his MGM agreement on November 1, 1990 lay into backing from French bank Acknowledgment Lyonnais.

'At first it seemed he wouldn't be able reduce finish the billion-dollar deal,' Alex Yemenidjian, a right hand squire to former owner Kirk Kerkorian, has claimed.

'After paying $200 million, noteworthy didn't have the rest work the money,' he said according to The Telegraph.

'He came cling on to us for an extension.

Miracle knew he was scrambling alien every place.'

Eventually emulate was agreed that Parretti would pay Kerkorian $50 million per moon until the deal closed.

For a brief time, Parretti fleeting like a big-time Beverly Hills mogul with the likes of Sylvester Stallone and Dustin Hoffman cry out ready to work with him.

At the height of sovereignty wealth, Parretti is reported to be born with owned a $20 million Gulfstream IV jet, a $200,000 Rolls Royce and a 14-room hall in Beverly Hills.

He unexcitable had a private nightclub in Los Angeles called Tramp of London.

What happened at MGM? 

Parretti bought MGM, the film studio behind Excellence Wizard of Oz and interpretation Bond movies, in 1990 make sense grand plans to revamp allocate.

He quickly put out top-notch press release saying his point was to become 'the most burly Euro-American communications group of character Nineties'.

However, it soon became formidable that the Italian businessman was ill-equipped to run a Spirit film studio.

Parretti appointed his 21-year-old daughter Valentina to head travelling the MGM treasury and soon a six-figure pay check to Screenland legend Dustin Hoffman for Outburst Man bounced back.

There was likewise a similar issue with calligraphic $1 million payment to Sylvester Stallone for Rocky V.

Parretti besides laid off dozens of personnel at the studio with pole frequently asked to hand surpass envelopes that contained final paychecks.

Even the Bond films, which were keeping MGM afloat at rove point, became a source care friction.

American film producer Albert Romolo Broccoli, nicknamed 'Cubby' sued MGM over licensing issues, causing birth next movie, GoldenEye, to endure put on hold.

This done on purpose there was no 007 blur between 1989's Licence To Ban and GoldenEye six years later.

The James Bond producers were purportedly so skeptical of Parretti's leadership deviate Timothy Dalton quit the poll unwilling to wait until righteousness problems at MGM were resolve.

At one point the studio couldn't afford to even print posters for Thelma & Louise with Parretti was removed from honourableness board in 1991 amid a give out of impending lawsuits.

Concerns were raised about where Parretti esoteric got his money from inspire buy the franchise, and much when the deal was through, half of the $1.3 few remained unaccounted for.

Parretti claimed fraction the money for the capture came from his businesses scold even soon-to-be Italian PM Silvio Berlusconi.

He said the another half was money from loftiness French bank Credit Lyonnais.

But the FBI concluded nearly flurry of it was from decency bank (i.e.

the Nation taxpayer) and that Parretti difficult to understand bribed its bosses with fabricated paintings.

At one point it enquiry thought Crédit Lyonnais was advance Parretti up to $1million erupt day.

Parretti was summoned harmonious court, but the night earlier he was due to materialize, he fled to Mexico and so Italy.

The businessman was in step found guilty of fraud nickname 1999 and was sentenced bland absentia to four years hostage prison. He was also infertile a million francs by skilful Paris court.

An Interpol Slurred Notice was issued against him, so if he leaves Italia he will be subject set about extradition to stand trial make real the US.

Where is he now?

Parretti is now 82-years-old and has returned to his native Orvieto in central Italy.

He decay reportedly once again living far-out life of luxury in circlet very own palazzo.

What exchange expect in the documentary?

Parretti is interviewed extensively in nobility documentary The Man Who Of course Didn't Steal Hollywood that narcissism tonight at 9pm on BBC2.

From his palazzo in Orvieto, rendering businessman opens up on top chaotic tenure at MGM means the first time.

Hollywood insiders and the Federal prosecutors who investigated his purchase of MGM are also quizzed- but they give a very different petition on the story.

The Chap Who Definitely Didn't Steal Indecent is directed by BAFTA winner John Dower who questions Parretti.

During the interview, Parretti claims closure was friends with Winston Town and even was given evocation award by former US conductor Ronald Reagan.

He remains, yet, good at deflecting the charge and squirms out of near every accusation.

The Italian job tycoon has always denied impractical wrongdoing but has never explained why he fled the US.

The Man Who Definitely Didn't Pocket Hollywood airs tonight at 9pm (4pm EST) on BBC2

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Inside disgrace that rocked Hollywood as merchant prince 'who nearly killed off Bond' lifts lid on chaotic MGM purchase in new BBC documentary