Business Standard

Police hold 33 Calabrian mafia suspects, seize 40 mn euros

IANS 

Reggio Calabria (Italy), Jan 26 (IANS/AKI) Italian anti-mafia police on Thursday arrested 33 suspects and impounded assets worth 40 million euros in an operation that targeted the Calabrian mafia's Piromalli clan.

The suspects face charges of mafia association, attempted murder, drugs trafficking, fraud and money-laundering, police said.

The operation followed a probe that uncovered the Piromalli clan's grip on the real estate and food and agriculture sectors in the area around Calabrian transhipment hub of Gioa Tauro and drug-trafficking at the port.

The Piromallis had also penetrated the fruit and vegetable distribution chain in the northern city of Milan and controlled businesses exporting olive oil to the US, according to investigators.

The clan laundered revenue by investing in garment companies that supplied well-known French fashion labels, in building firms, in the hotel sector and in a shopping centre at Gioa Tauro, investigators said.

Now Italy's wealthiest and most powerful crime syndicate, the Calabrian mafia or 'Ndrangheta operates throughout Italy as well as in northern Europe and overseas.

Its influence and networks extend from Australia to North and South America, where it has links to the main drugs cartels.

--IANS/AKI

vd

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, January 26 2017. 22:56 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU