Police bust Camorra money-laundering ring

Assets worth 120 million euros confiscated

Police bust Camorra money-laundering ring

Naples, December 18 - Police on Tuesday launched country-wide operations against money-laundering activities thought to be connected to the Neapolitan mafia, the Camorra. Dozens of people were arrested in several cities across Italy and assets worth 120 million euros, including properties, companies and motor vehicles, were seized. The suspects are thought to be linked to the Fabbrocino clan based in the Vesuvius area near Naples in the southern Campania region. The clan has financial and business interests throughout the country, particularly in the regions of Lombardy, Emilia Romagna, Lazio, Umbria, Abruzzo and Calabria. The money-laundering activities were worth over 112 million euros, investigators said. The suspects also face charges of extorsion-related crimes, usury, false attribution of assets, auction interference and vote-buying.

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