Teesside Freeport: Calls for investigation into major redevelopment after corruption allegations

The redevelopment project in Teesside which has been marred by allegations of corruption and cronyism

It comes amid concerns that hundreds of millions of pounds of public money is being spent on clearing the site, but when the land is leased to investors most of the profits are paid to two developers, Chris Musgrave and Martin Corney.The developers have been handed a 90 per cent stake in Teesworks Limited – a company which has options to acquire valuable parcels of the land on the 4,500 acre site on the bank of the River Tees.

In a letter to the NAO, Ms Nandy raised concerns about"the potential loss to the public from these transactions" and the"almost total absence of sufficiently robust oversight or accountability".

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