• Coppola: 7 years for bankruptcy to the Roman real estate agent
  • In handcuffs the property developer Danilo Coppola

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17 February 2020Danilo Coppola, the Roman real estate agent among the protagonists at the time of the investigation on the 'neighborhood cunning', already arrested three times, has been confirmed by the 7-year sentence ordered at first instance also in the appeal process for fraudulent bankruptcy. This was decided by the second section of the Milan Court of Appeal chaired by Piero Gamacchio.

At the heart of the process are the bankruptcies of the 2004 Real Estate Group, Mib Prima and Porta Vittoria, the company that has a project to relaunch a Milanese residential area, which went bankrupt in 2013, July 2015 and April 2016. Prosecutor General had asked for 5 years and ten months in prison.

At first instance, his perpetual interdiction from public offices, the incapacity to exercise a commercial enterprise and the inability to exercise the managerial offices at each enterprise for 10 years had also been ordered.

The Porta Vittoria company dealt with the real estate development of the area east of central Milan with a 142 thousand square meter project that includes homes, offices, commercial spaces and a hotel. In the indictment, the substitute pg Celestina Gravina had asked to lower the sentence to 5 years and 10 months, asking to absolve Coppola from the accusation of having caused with malice the failure of the companies connected to him, instead assuming the improper bankruptcy. The judges of the Milan Court of Appeal did not accept the request for a reduction in the sentence, fully confirming the first instance sentence with a 7-year sentence. Coppola was also sentenced to pay the legal fees of the civil parties. The reasons for the sentence will be published in 90 days.

The first instance sentence, which dates back to 24 February 2018, also provided for compensation for pecuniary and non-pecuniary damages to the companies, now civil parties, whose bankruptcy Coppola allegedly caused: over 153 million at Porta Vittoria spa (later taken over by Prelios sgr which, in order to take over the company's assets, started the Niche fund), which guaranteed the seizure of already 'frozen' properties and a provisional sum of 50 million to the 2004 Real Estate Group.