Banca Progetto has been placed under court administration for allegedly providing state-backed loans to mafia-linked companies, violating anti-money laundering policies. The loans, exceeding €10m, were guaranteed by Mediocredito Centrale to support businesses during the pandemic and energy crisis. Banca Progetto reassured stakeholders that it will continue normal operations despite the oversight by court-appointed administrator Donato Maria Pezzuto. Teljes cikk (Euronews.com)