Naples. The investigation dubbed "Neapolitan rent-zone," conducted by the Guardia di Finanza (Financial Police) delegated by the regional prosecutor's office of the Court of Auditors for Campania, is spreading like wildfire. The leases of two historic Neapolitan sports clubs have been scrutinized, involving the Posillipo Yacht Club and the Napoli Tennis Club. The former, located on Via Posillipo, comprises two facilities (one elevated and the other uncovered, overlooking the sea, with a solarium, swimming pool, and marina); the latter boasts six clay courts. The investigations led to the discovery of significant financial losses, which the Naples provincial finance police, after a complex investigation, reconstructed and quantified at over €3 million for the years 2013 to 2018. Five "invitation to deduct" notices were issued by the Public Prosecutor's Office against Romeo Gestioni S.p.A.—which managed the municipal real estate until 2012—and against four acting managers of the Naples City Council's property department. These managers were identified as responsible for the significant financial losses for having leased municipal properties at rents far below market rates and in clear violation of the law. The finance police found that those responsible for managing the local authority's property had full knowledge of the undervaluation of the real estate assets in question, so much so that they initiated a specific procedure to recalculate the relevant rents.
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