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Wednesday, January 11, 2012

Mafia now 'Italy's No.1 bank' with profits of more than £100bn a year | Mail Online

Mafia now 'Italy's No.1 bank' with profits of more than £100bn a year | Mail Online: Organised crime is the biggest earner in Italy - with a turnover of more £100 billion a year - according to a report by business chiefs.

Extortion and intimidation is used to extract millions from shopkeepers, restaurants, cinemas, construction companies and thousands of other businesses as the godfathers spread their criminal enterprises across the whole of the country.

As a result of the ongoing economic crisis the Mafia is also cashing in with its traditional money-raising means of loan sharking - charging extortionate interest rates to hard-pressed businesses who are unable to raise funds.

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