[ exact phrase in "" • ~10 sec • results by date ]

[ Google-powered • results by relevance ]


News Home

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links


Press Releases


Publications & Products

Photos & Graphics


Allied Groups

Mafia ‘goes green’ to launder cash  

Credit:  By PHILIP PULLELLA, Reuters, montrealgazette.com ~~

Italy yesterday seized Mafia-linked assets worth $1.9 billion – the biggest mob haul ever – in an operation revealing that the crime group was trying to “go green” by laundering money through alternative energy companies.

Investigators said that the assets included more than 40 companies, hundreds of parcels of land, buildings, factories, bank accounts, stocks, expensive cars and luxury yachts.

Most of the seized assets were located in Sicily, home of the Cosa Nostra, and in southern Calabria, home of its sister crime organization, the ’Ndrangheta.

At the centre of the investigation was Sicilian businessman Vito Nicastri, 54, a man known as the “Lord of the Wind” because of his vast holdings in alternative energy concerns, mostly wind farms.

Interior Minister Roberto Maroni called the operation “the largest seizure ever made” against the Mafia.

General Antonio Girone, head of the national anti-Mafia agency DIA, said Nicastri was linked to Matteo Messina Denaro, believed to be Mafia’s current “boss of bosses.”

Investigators said Nicastri’s companies ran numerous wind farms as well as factories that produced solar energy panels.

“It’s no surprise that the Sicilian Mafia was infiltrating profitable areas like wind and solar energy,” Palermo magistrate Francesco Messineo told a news conference.

Officials said the operation was based on a 2,400-page investigative report and followed the arrest of Nicastri last year.

Senator Costantino Garraffa, a member of the parliamentary anti-Mafia committee, said the Mafia was trying to break into the “new economy” of alternative energy as it sought out virgin ventures to launder money from drugs and other rackets.

In the past few years, Italian authorities have cracked down hard on the crime group that once terrified the country.

The cupola, or hierarchy, of the Sicilian Mafia has been in freefall since the mid-1990s, when police began arresting its most enigmatic and charismatic bosses.

Source:  By PHILIP PULLELLA, Reuters, montrealgazette.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook


© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.

Wind Watch on Facebook

Follow Wind Watch on Twitter