Combative Trump blames diversity policies after air tragedy    Israel releases 110 Palestinian prisoners on same day UNRWA ban comes into effect    FireAid: Stars take to stage for LA benefit concert    New Zealand mountain gets personhood    Singer and actress Marianne Faithfull dies at 78    Saudi King and Crown Prince express condolences over deadly mid-air collision in Washington    Saudi, Russian foreign ministers discuss regional issues in phone call    MWL chief meets Italian president in Rome; thanking him for supporting two-state solution    Ettifaq sack Steven Gerrard after poor results, appoint Saad Al-Shehri as new head coach    National Cybersecurity Authority launches 2nd phase of Postgraduate Scholarship Program    GASTAT: Real GDP records growth of 4.4% in Q4 2024    Saudi Arabia launches inaugural Art Week Riyadh on April 6-13    Saudi crown prince and European Council president discuss over phone ways to enhance cooperation    NEOM's THE LINE set to begin vertical construction by end of year    HP is redefining the Future of Work with AI    Mona Lisa to be moved as part of major Louvre overhaul    Neymar bids heartfelt goodbye to Al-Hilal: I will always support you    Al-Nassr announces transfer of Brazilian forward Talisca to Fenerbahçe    SFDA chief rules out plan to ban sale of cigarettes or vapes    Al Hilal and Neymar mutually agree to part ways    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Crisis may boost mafia
Published in The Saudi Gazette on 11 - 03 - 2009

The global downturn is giving Italy's mafia the chance to buy up struggling businesses and tighten its grip on the economy, according to a report by the country's intelligence services released on Tuesday.
Mobsters are looking to use proceeds from drug trafficking and other illegal activities to buy stakes in Italy's retail, tourism and real estate sectors, the report to parliament said.
“Unemployment and the restriction of credit have been, and may continue to represent, conditions favourable to exploitation by the criminal system,” it said.
Cash-hungry businesses had become more vulnerable to loan sharks and protection rackets, it said. Organised crime could also find new recruits among the growing number of unemployed.
Italy's four biggest mafia organisations - Calabria's ‘Ndrangheta, Sicily's Cosa Nostra, Naples' Camorra and Puglia's Sacra Corona Unita - are believed to count for a large chunk of Italy's economic output.
Interior Minister Roberto Maroni has estimated that the ‘Ndrangheta alone makes $57.10 billion a year, thanks in large part to drug trafficking in Europe.
The intelligence report did not offer figures, but warned the ‘Ndrangheta was the “most insidious and pervasive expression of criminality” in Italy.
It also sounded the alarm about the group's infiltration into public works projects.
Prime Minister Silvio Berlusconi's is promising a massive public works programme to jumpstart an economy which most analysts expect to contract by around 3 percent this year.
Critics say those infrastructure projects, which includes the construction of one of the world's longest suspension span bridges, could also fall prey to mafia infiltration.
Beyond home-grown criminals, the intelligence report warned of advances by foreign criminals operating in Italy, particularly in central and northern parts of the country. It cited North African, Chinese and Russian gangs.


Clic here to read the story from its source.