Italian authorities have seized assets including construction firms, real estate and bank accounts worth 8 million euros ($13 million) from a Calabrian contractor with suspected ties to the 'Ndrangheta as reported by ANSA.
Italy's Anti-Mafia Investigation Department (DIA) has seized assets worth 360 million euros ($487 million) from Stefano Parra, a businessman with alleged ties to Cosa Nostra or the Sicilian Mafia, who according to officals employed "complex and articulated corporate plots, even through a third natural or legal party, by which . . . to control considerable corporate holdings and real estate" as reported by ANSA.
Italian authorities have seized assets worth 100 million euros ($136 million) from businessman Alfonso Letizia who "is thought to head a group of cement-making companies dominating the local market allegedly with backup from the Casalesi clan" with the Camorra or Neapolitan Mafia as reported by ANSA.
Assets worth 5 million euros ($7 million) have been seized from three brothers who are suspected members of the Longo clan from the 'Ndrangheta or Calabrian Mafia as reported by ANSA: "the suspects allegedly run a criminal organization that took over the public and private construction sector in and around the town of Polistena, accumulating wealth well beyond their declared income."
The drug-trafficking 'Ndrangheta from Italy's southern Calabrian region launders much of its great wealth in the more affluent northern regions, and authorities have seized suspected assets from the Mafia group in two separate busts. Assets worth 45 million euros ($61 million) were seized in one raid as reported by ANSA, and assets worth 15 million euros ($20 million) were confiscated in another as reported by ANSA. Twenty suspected mobsters further were arrested in connection with the latter bust for their alleged roles to secure public contracts including work on a high-speed train rail from Turin, the capital city of the Piedmont region, to Lyon in east-central France as reported by ANSA.
Italian authorities have seized assets worth 1.1 billion euros ($1.5 billion) from convicted boss Francesco Annaloro with Cosa Nostra or the Sicilian Mafia who is serving a life sentence for whacking seven rivals during a turf war in the 1990s for control over the Riesi territory as reported by ANSA.
Italian authorities have seized suspected assets including construction firms worth 20 million euros ($27 million) from the so-called Barcelona clan -- named after the Spanish city through which it smuggles drugs -- with Cosa Nostra or the Sicilian Mafia as reported by ANSA.
Italian police have arrested four suspects and seized assets worth 30 million euros ($40.7 million) including a supermarket and a construction firm in connection with an investigation into the Polverino clan of the Camorra or Neapolitan Mafia as reported by ANSA.
President Giorgio Napolitano has called upon Italy to "work harder to stop its mafias infiltrating the legal economy," and said "the penetration of criminal associations into the world of business and entrepreneurship is a worrying phenomenon" as reported by ANSA.
A "worrying phenomenon," indeed.
The Italian Mafia has taken over the European economy, and last February "the European Parliament passed a new directive making it easier for national authorities to confiscate criminal assets, in response to evidence that organized crime groups have gobbled up properties and companies across Europe" as reported by Jim Yardley for The New York Times: "some say the same focus that is applied to fighting terrorism should be applied to confronting organized crime."