Milan's Urban Planning Scandal: Legal Actions Unravel Real Estate Entanglements
A Milan court has taken significant legal action, placing several individuals, including the former urban planning councillor and a major real estate figure, under house arrest amidst corruption investigations. Alleged bribe-induced building permits amid a local construction boom have led to the recent freezing of development activities.
A Milan court took decisive legal action on Thursday, focusing on local figures involved in urban planning and real estate as part of corruption probes. The court's orders have resulted in house arrests and imprisonment, significantly impacting the growth dynamics of Italy's financial capital.
Judge Mattia Fiorentini placed the former councillor for urban planning, Coima's founder Manfredi Catella, and several others under house arrest. Meanwhile, a builder faces imprisonment. Coima, a leading developer, has expanded board responsibilities to ensure seamless operations while acknowledging the accusations against Catella.
The investigations allege that Catella and city council member Giancarlo Tancredi were involved in bribery to fast-track construction permits. This has rooted from local complaints about rapid development post-2015's Expo event. Milan prosecutors initially sought arrests on July 16, determining a risk of repeated offenses after reviewing the defendants' cases.
(With inputs from agencies.)
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