July 22, 2015

Italian Police Arrest 'Ndrangheta Crime Syndicate Boss, Seize Gambling Assets



Officers of Italy's Carabiniere escort suspected 'Ndrangheta crime-syndicate boss Pasquale Condello, second on the left, to a waiting helicopter in Reggio Calabria, February 19, 2008.Photo: Reuters

[From article]
Italian police said on Wednesday they had seized assets worth 2 billion euros ($2.2 billion) and issued 41 arrest warrants in raids on gambling companies in Italy and abroad run by the 'Ndrangheta mafia organization.
Police believe the firms, including six that were operating out of Malta, were used to launder vast sums of illicit cash.
Italy's mafia groups, including the 'Ndrangheta from the southern region of Calabria, the Camorra from Naples and Sicily's Cosa Nostra, have strengthened their grip on southern Italy's economy and spread to the richer north during a three-year economic slump.
Among the targets of Wednesday's operation were 1,500 betting shops, 82 gambling websites, 45 Italian companies and 11 foreign firms, as well as "innumerable" property assets, the financial police said in a statement.
Apart from the firms run from Malta, two were in Spain, two in Romania and one in Austria.

https://ca.news.yahoo.com/italian-police-raids-mafia-gambling-empire-seize-assets-125536355.html

Italian police raids mafia gambling empire, seize assets worth 2 billion euros
Reuters
July 22, 2015

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