Italy, on trail of Mafia boss, seizes villas, yacht and more

Image
AP Rome
Last Updated : Nov 25 2018 | 1:10 AM IST

Anti-Mafia authorities in Sicily on the trail of the No 1 fugitive Mafia boss have confiscated 1.5 billion euros (USD 1.32 billion) in property.

The seizure of tourist resorts, a 21-meter (70-foot) yacht, companies and other property Saturday was called one of the biggest hauls in Italy's strategy to weaken criminal syndicates by going after ill-gained wealth.

The property belonged to heirs of a tour company owner who authorities allege had links to Mafia boss.

Italian news agency ANSA quoted lawyers for heirs to the late tourist magnate Carmelo Patti as vowing to sue to regain the properties.

A top anti-Mafia investigator, Giuseppe Governale, contends there are links between the properties and a crime clan in western Sicily headed by convicted mob boss Matteo Messina Denaro, on the run since 1993.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 25 2018 | 1:10 AM IST

Next Story