Monday, July 8, 2013

Mafia launders dirty money in clean energy

Mafia launders dirty money in clean energy - Europol — RT Business:
The Italian mafia is ramping up investment in wind farms to launder money and benefit from EU subsidies.
Europol reports winds farms, and renewable energy in general, are the most popular target for laundering money, after analysing the financial activities of Italy's four mafia groups.

"The Italian mafia is investing more and more in renewable energy, especially in wind farms, to profit from generous European grants paid for by member states which allow them to mix dirty money with legitimate economic activities," the report said.
legitimate economic activities?

Italian mafia 'turns to wind farm investment to launder money and benefit from EU subsidies' | Mail Online
Experts say the gangs strong-arm landowners into accepting wind farms, which destroy swathes of countryside, and threaten any construction firms that refused to pay extortion fees.
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