Italian police seize €1.6bn in assets from family suspected of mafia links

Italian police seize €1.6bn in assets from family suspected of mafia links

PanARMENIAN.Net - Italian police say they have seized more than €1.6 bn in assets from five Sicilian siblings suspected of links to the mafia, BBC News reports.

The five are thought to have been helped by the criminal group to secure public construction contracts.

Police in the regional capital Palermo say it is one of the largest raids they have ever carried out.

Analysts say Sicily's Cosa Nostra and other mafia groups have expanded their activities during Italy's recession.

Among the assets seized are bank accounts, property and furniture.

The five - three brothers and two sisters - are all in their sixties and seventies. They worked as laborers in the early 1980s but went on to become billionaires, Italian media reported.

 Top stories
The House of Representatives overwhelmingly voted Tuesday, October 29 to officially recognize the Armenian Genocide.
French actor of Armenian descent Charles Gérard died September 19 at the age of 96, Figaro reports.
Archaeological relics related to the Kingdom of Urartu (860 BC – 590 BC) has recently been found in Anaqizli mount.
Work will be performed in Alexandria, Virginia and Azerbaijan, and is expected to be completed in September 2020.
Partner news