Skip to content
Tags

Italy: Government seizes Mafia-linked ‘green’ investments

April 4, 2013

How dare you exploit innocent taxpayers? That’s OUR job!

…the Italian police have seized a record $1.7 billion in cash and property from a single person, a Sicilian “alternative energy” entrepreneur alleged to have close ties to the Mafia. As Bloomberg reports, Italy’s anti-Mafia investigators said in a statement today that Vito Nicastri, a 57-year-old native of Alcamo, near Trapani, was placed under surveillance and must remain in Alcamo for three years. He is accused of declaring for tax purposes a fraction of the value of his businesses. Italian media have dubbed Nicastri the “king of alternative energy” for his vast holdings in wind farms and photovoltaic cell companies. Police said the seizures include 43 companies; 98 pieces of real estate including buildings, homes, stores and land; 66 bank accounts, credit cards and investment funds.

Zero Hedge

Well, at least now they’ll be efficiently run!

What?

Advertisements

Comments are closed.

%d bloggers like this: