UPDATE : 13 November 2025 - 21:36
10.3 C
Napoli
UPDATE : 13 November 2025 - 21:36
10.3 C
Napoli

Naples, De Magistris among 23 investigated for an 11 million hole in public coffers

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The former mayor of Naples, d, ended up in the crosshairs of the Court of Auditors' Office for alleged financial damage of over 11 million euros.

Along with him, 22 other people, including directors and managers, received a notice of default.

The accusations

Investigators suspect the missing funds are the result of irregular financial transactions carried out in 2019 for CTP Spa, the company that managed public transport in Naples and the province.

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According to investigations, the company was already in financial distress when large sums of public money were injected with the aim of artificially keeping it afloat.

Those involved

Among the recipients of the notice, in addition to de Magistris, are the current Secretary General of the Metropolitan City, Antonio Meola, and several mayors of municipalities in the metropolitan area. Several regional councilors are also implicated in the matter.

An enormous overall damage

The investigation, which covers a period longer than 2019 alone, has uncovered total damages estimated at over €85 million. The purpose of the formal notice is to interrupt the statute of limitations and allow the judiciary to further investigate.

Article published on January 22, 2025 - 20:06 PM - A. Carlino

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