Manuel Fernandez de Sousa's resignation last week, after 33 years at the helm of Spanish multinational Pescanova, was the culmination of a saga, which lasted for the best part of this year.

Since the company entered bankruptcy proceedings on March 1 this year, barely one day passed without a new revelation being published by the global seafood and mainstream media.

Entering bankruptcy proceedings was followed by the declaration of insolvency, the appointment of Deloitte as auditor, and finally KPMG's forensic report on the company's operations.