Società Foggiana, one of the “most brutal and violent Italian mafias”, ‘laundered’ 16 million euros through two companies based in Madeira. The news is advanced by JN.
According to this source, the referred amount was obtained through a scheme that allowed Società Foggiana to circumvent the European Union, based on Community funds to support rural development.
Following the investigation, the Italian authorities detained 48 people linked to this mafia, namely lawyers, farmers, a former mayor and officials from public institutions responsible for overseeing projects financed by European funds.
These people are charged with crimes such as mobster-type criminal association, money laundering, fraud, extortion, kidnapping and illegal possession of firearms and explosives, according to the JN.
In Portugal, the investigation was carried out by the Inspectorate-General of Finance.
The European Anti-Fraud Office (OLAF) classifies the operation as a “complex international scheme for money laundering obtained with EU funds” between 2013 and 2018.
The mafia’s ‘modus operandi’ consisted of acquiring agricultural machinery through fictitious companies based in countries such as Bulgaria, the Czech Republic, Germany, Ireland or Romania and then simulating a sale to companies like the two that were based in Madeira.
Subsequently, the machinery was resold to Italian companies at a highly inflated price, leading them to benefit from large European funds resulting from the invoices presented, adds the JN.
“The two companies registered in Madeira and with connections to the criminal group were used as intermediate vehicles in the scheme for the purchase and resale of machinery”, says OLAF.
These were the details of the news Italian mafia ‘laundered’ 16 million euros of community funds in Madeira for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at time24.news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
