For example, local officials often underreport to provincial agencies the amount of land obtained on behalf of developers. And some falsify other details in the reports sent to those higher-ups who ultimately approve land conversions.
Once the paperwork is complete, though, local-government officials can partition one, large swathe and sell individual tracts piecemeal to a single developer, often privately or through rigged public auctions.
One of the problems is developers grossly underpaying for land, which would imply that local governments are less addicted to land sales for income directly to the government and more addicted to "partnerships" with developers.
No comments:
Post a Comment