100 million euros in assets seized in Rome 'mafia' probe


Save Story

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

ROME (AP) — Police have seized construction companies, apartments, villas and a yacht belonging to a businessman who authorities allege consorted with a Mafia-like gang in Rome with ties to local politicians.

Tax Police Lt. Col. Gerardo Mastrodomenico said the assets of Cristiano Guarnera are worth some 100 million euros ($125 million).

The seizure strikes another blow to an organization investigators say was headed by a local crime boss who was a far-right domestic terrorist in past decades.

Intercepted phone calls indicate the criminal gang included people who used connections to politicians to secure public works contracts in exchange for kickbacks to house migrants and Roma families.

The construction projects seized Friday include an apartment complex that was to tower over the sprawling Villa Pamphili public park, much to the local community's dismay.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast