Jul 16, 2025 5:36 PM IST
US Stock Market LIVE Updates: Italian Developer Coima’s CEO Faces Questioning in Milan Probe
The chief executive officer of Italian real estate developer Coima Sgr faces questioning as part of a broad probe of alleged corruption in property developments in Milan, according to people familiar with the matter.
Manfredi Catella, who leads one of Italy’s largest real estate investors, is one of the people to be questioned in the probe and could potentially face arrest, the people said, who asked not to be named because they weren’t authorised to discuss it. Coima had no immediate comment, and Catella wasn’t available, a company representative said.
Police in Milan raided several offices and homes on Wednesday, targeting developers, architects, public officials and members of the mayoral office, according to a statement issued by the city’s chief prosecutor.