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Cops seize 'Ndrangheta clan assets

The Longo clan allegedly took over local construction sector

Redazione Ansa

(ANSA) - Reggio Calabria, July 9 - State police have seized assets worth five million euros from a 'Ndrangheta mafia clan in the southern Calabria region, police said Wednesday.
    They confiscated 24 apartments, two lots of land, a clothing retailer and four insurance policies belonging to brothers Vincenzo, Giovanni and Francesco Longo, aged 51, 48 and 46 respectively, and 25-year-old Rocco, son of Vincenzo. The suspects allegedly run a criminal organization that took over the public and private construction sector in and around the town of Polistena, accumulating wealth well beyond their declared income.
    They also allegedly reinvested their ill-gotten gains in companies and real estate under the names of their relatives in order to evade anti-mafia regulations, according to investigators.
    The 'Ndrangheta is thought to be the most powerful of Italy's mafias because of its virtual stranglehold on the European cocaine trade.
   

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