Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

China’s UBTech Robotics eyes US$307 million in Hong Kong share placement

July 22, 2025

Chinese kindergarten lead poisoning scandal raises fresh questions over local governance

July 22, 2025

Mass grave scandal, cover-up claims rock southern Indian state

July 22, 2025
Facebook X (Twitter) Instagram
Tuesday, July 22
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Milan’s mayor denies wrongdoing in a corruption probe into the city’s construction boom
Europe

Milan’s mayor denies wrongdoing in a corruption probe into the city’s construction boom

adminBy adminJuly 21, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 8


MILAN (AP) — Milan Mayor Giuseppe Sala on Monday said he would not step down in the face of a sweeping probe into the city’s massive urban development over the last two decades, saying, “My hands are clean.” The city’s top urban development official, however, resigned while denying wrongdoing.

Milan prosecutors last week announced a widespread investigation into the real estate boom that has seen skyscrapers transform the city’s skyline and entire neighborhoods rebuilt, including the construction of an Olympic village for the 2026 Milan-Cortina Winter Games.

The investigation targets more than 70 people, including Sala, as prosecutors allege corruption that made Italy’s financial and fashion capital “a commodity to be plundered.’’ The probe alleges that developers bribed officials to speed building permits and win approval for projects.

Prosecutors are seeking the arrest of six people, including Giancarlo Tancredi, an architect who has been the city’s top urban development official since 2021. Tancredi announced his resignation to focus on his defense but denied any wrongdoing. “My conscience is clear,’’ he said.

Sala, a member of the center-left Democratic Party who is serving his second term as mayor, denied any wrongdoing during an address to the city council, saying, “All I have done is in the interest of the city.’’

Sala pledged to continue in his mandate, which expires at the end of 2026, and underlined the necessity of continuing projects that are in the works, including determining the future of Milan’s San Siro stadium, home to soccer clubs AC Milan and Inter Milan. The teams want the city to jointly buy the stadium so they can tear it down and build a new one.

The investigation has led to calls by the center-right majority that governs from Rome for Sala to step down. But he has received the support of Lombardy’s regional governor, Attilio Fontana, a prominent center-right politician, while Premier Giorgia Meloni urged caution, saying an investigation should not automatically lead to resignation.

Milan’s extraordinary development around the 2015 Expo and now the Olympics has sent real estate prices skyrocketing. Many say ordinary workers have been priced out in gentrification.

“Do we need to do more to make Milan more fair, healthy and balanced? By definition, we must always do more,’’ Sala said.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Europe

UK to sanction those who enable migrant journeys across the English Channel

July 21, 2025
Europe

Belgium questions 2 Israelis at music festival over Gaza crime allegations

July 21, 2025
Europe

UK, France and 23 other countries say the war in Gaza ‘must end now’

July 21, 2025
Europe

Elon Musk’s X rejects French accusations of fraud and data tampering

July 21, 2025
Europe

6 arrested near London after protest outside hotel housing asylum seekers

July 21, 2025
Europe

UK will hold inquiry into violent Orgeave clash between police and miners during bitter 1984 strike

July 21, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

CCP continued robust advocacy drive during 2024-25 – Business & Finance

July 22, 2025

PFA, PDA join hands to uplift dairy sector – Business & Finance

July 22, 2025

Accountants can thrive in AI-dominated workplace: ACCA report – Business & Finance

July 22, 2025

RIAT 2025: PAF’s success represents strategic, economic victory: Mian Zahid – Business & Finance

July 22, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • China’s UBTech Robotics eyes US$307 million in Hong Kong share placement
  • Chinese kindergarten lead poisoning scandal raises fresh questions over local governance
  • Mass grave scandal, cover-up claims rock southern Indian state
  • Hong Kong stocks waver as investors eye China’s Politburo meeting for policy clarity
  • Hong Kong stocks waver as investors wait for policy clarity from China’s Politburo meeting

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

China’s UBTech Robotics eyes US$307 million in Hong Kong share placement

July 22, 2025

Chinese kindergarten lead poisoning scandal raises fresh questions over local governance

July 22, 2025

Mass grave scandal, cover-up claims rock southern Indian state

July 22, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.