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Prosecutors to investigate suspicious redevelopment deal in Bell

Mar 24, 2011 11:18:37 PM- latimes.com
The city of Bell is unable to account for a missing $425,000 from a 2006 deal in which the city paid more than double the value of a lot — requesting a charitable contribution from the seller — and never redeveloped the land.

Los Angeles prosecutors said Thursday that they had opened an inquiry into an unusual redevelopment deal in Bell in which $425,000 is unaccounted for.

USA, California: (Latest Stories)