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NEWS: Italian police take down Chinese shadow network laundering mafia cash

RAIDS: The 'Ndrangheta criminal network was targeted again today (Monday) in raids across Italy, Germany and Belgium targeting food and car companies used to launder money and traffic drugs.

By Emilio Parodi

Italian police arrested 33 people on Wednesday in a new crackdown on a network of Chinese money brokers who allegedly laundered over 50 million euro ($52.5 million) from drug trafficking groups, including the ‘Ndrangheta mafia.

Guardia di Finanza police colonel Francesco Ruis told Reuters a distinctive aspect of the case was the connection created between organisations like the ‘Ndrangheta and Chinese entities providing financial services.

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