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{"id":1854,"date":"2007-10-22T22:16:00","date_gmt":"2007-10-22T22:16:00","guid":{"rendered":"http:\/\/www.sportingnews.ro\/stiri\/italian-mafia-turnover-120bn\/"},"modified":"2007-10-22T22:16:00","modified_gmt":"2007-10-22T22:16:00","slug":"italian-mafia-turnover-120bn","status":"publish","type":"post","link":"https:\/\/www.sportingnews.ro\/2007\/10\/22\/italian-mafia-turnover-120bn\/","title":{"rendered":"Italian Mafia turnover ‘$120bn’"},"content":{"rendered":"

Italy’s retailers have denounced the growth of Mafia extortion rackets which they say now affect big companies as well as smaller ones.<\/p>\n

<\/a><\/div>\n

The Mafia has turned into one of Italy’s biggest business enterprises with a turnover of more than $120bn (\u00a360bn) a year, a new report says.<\/p>\n

The report, prepared by Italy’s leading retailer’s association, warns of growing Mafia influence in the south.<\/p>\n

It estimates that 7% of Italy’s output is filtered off by organised crime.<\/p>\n

Hush money<\/p>\n

The retailer’s association says it is seriously concerned by the spread of Mafia extortion rackets from small to big businesses.<\/p>\n

Some of Italy’s best known and largest construction companies are denounced by name in the report for allegedly turning a blind eye to organised crime.<\/p>\n

Organised crime is present in all areas of the economy, from food manufacture to tourism, from real estate to finance and in the service industries, the report says.<\/p>\n

Big business also finds it easier to negotiate agreements with the Mafia rather than to denounce extortion rackets to the police, it adds.<\/p>\n

The study alleges that 20% of Italian shops pay regular hush money to criminals to carry on business undisturbed.<\/p>\n

The proportion is much higher in southern Italy. In Sicily, eight out of 10 shops pay a regular monthly sum to the Mafia, the report says.<\/p>\n

Deputy Minister of the Interior Marco Minniti said the growth of Mafia business crime was alarming.<\/p>\n

Source: news.bbc.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"

Italy’s retailers have denounced the growth of Mafia extortion rackets<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.sportingnews.ro\/wp-json\/wp\/v2\/posts\/1854"}],"collection":[{"href":"https:\/\/www.sportingnews.ro\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sportingnews.ro\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sportingnews.ro\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sportingnews.ro\/wp-json\/wp\/v2\/comments?post=1854"}],"version-history":[{"count":0,"href":"https:\/\/www.sportingnews.ro\/wp-json\/wp\/v2\/posts\/1854\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sportingnews.ro\/wp-json\/wp\/v2\/media?parent=1854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sportingnews.ro\/wp-json\/wp\/v2\/categories?post=1854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sportingnews.ro\/wp-json\/wp\/v2\/tags?post=1854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}