5 mln euro seized from Calabrian hood

(ANSA) - Reggio Calabria, August 6 - Police said Thursday they have confiscated assets worth five million euros from Calabrian mobster Domenic Passalacqua including 12 villas, flats, and strips of land, a Porsche and a yacht.
    Passalacqua, a businessman in the restaurant sector who allegedly belonged to the Buda-Imerti clan of the 'Ndranghetà, the Calabrian version of Cosa Nostra, was arrested in June 2010 and convicted in May last year of belonging to a Mafia organisation as well as rigging public auctions, receiving a 16 year prison term.
    An investigation by the DIA anti-mafia department in Calabria determined that Passalacqua's assets were evidently disproportionate to his declared income.
    The Tribunal of Reggio Calabria ordered his assets be confiscated including 12 real estate assets - villas, flats and land - a Porsche Carrera 911 and an 8 metre long sports yacht.
    The crackdown was the latest in a series of confiscations of assets by the DIA from Calabria gangsters worth in all more than one billion euros over the past three years.