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NEWS: Italy seizes $164M from businessmen allegedly tied to ‘Ndrangheta mafia

File photo

By Emilio Parodi

AN Italian court has confiscated assets in Italy and Germany worth over €140 million ($164 million) from five men active in the oil distribution industry who are accused of tax fraud and links to the ‘Ndrangheta, tax police have said.

Guardia di Finanza police (Gdf) in the southern city of Reggio Calabria said the five Italian businessmen allegedly “managed the entire distribution chain of oil products from the warehouse to the final roadside retailers, interposing several companies with the aim of systematically evading taxes.”

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