Italian organised crime is gaining a foothold in real estate and other business sectors in Germany, and has invested cash from drugs and weapons smugglings to buy up large packages of shares in companies listed on the Frankfurt stock exchange, the Berliner Zeitung has reported.
Italian organised crime is gaining a foothold in real estate and other business sectors in Germany, and has invested cash from drugs and weapons smugglings to buy up large packages of shares in companies listed on the Frankfurt stock exchange, the Berliner Zeitung has reported.
The newspaper cited a secret study by Germany’s foreign intelligence service (BND) and said the Calabrian Mafia, known as the ‘Ndrangheta, was using Germany to invest double-digit millions of its profits in hotels, restaurants and real estate, especially in former communist eastern Germany and along the Baltic coast. The BND study included criticism of the Italian authorities, saying their efforts to fight organised crime were inadequate.
