Italy seizes suspected mafia assets worth 1.5 bn euros

Italian authorities have said they had seized assets worth 1.5 billion euros belonging to a businessman in the renewable energy sector suspected of links to the mafia.

Rome: Italian authorities have said they
had seized assets worth 1.5 billion euros belonging to a
businessman in the renewable energy sector suspected of links
to the mafia.

"The value of the assets confiscated from businessman
Vito Nicastri is 1.5 billion euros," including solar and wind
power companies, land, villas, cars and bank accounts, the
interior ministry said in a statement yesterday.
Anti-mafia investigators said Nicastri, 54, was a
successful businessman from Sicily with links to Matteo
Messina Denaro, who is considered to be the current chief of
the powerful Cosa Nostra organised crime group.

Renewable energy is seen as a new target for money
laundering by the mafia.
Following Prime Minister Silvio Berlusconi`s election
victory in 2008, Italian authorities have seized suspected
mafia assets worth a total of 16 billion euros in a bid to
take away the organisation`s sources of funding.

PTI

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