Police crackdown takes out Italian mafia watch racket

First published: 16-09-2009

The mafia has been targeted by the latest set of police raids in the Calabria region of Italy after it was tipped off over an alleged watch racket in the area, it has been reported.

According to Italian press agency Adnkronos, several suspects were arrested today while 40 Rolex watches and over €100,000 (£89,000) were recovered from a single apartment.

It is believed by the local police force that the cash came from a racket supposedly run by the Cordi-Cataldo crime family, who are linked to the Calabrian mafia known as the 'Ndrangheta.

The arrests follow the temporary jailing of Vincenzo Ambrosino, a high-up gangster in the neighbouring Campania region, who was wanted on charges of mafia association and drug trafficking.

Adnkronos also revealed that it adds to a tally of assets repossessed by the mafia worth millions of pounds, with watches evidently having a major part to play in the gathering of funds for such families.

It follows recent allegations surrounding a recently-found shipwreck that could contain nuclear waste, with authorities in Italy believing it was deliberately sunk by the mafia.

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