Latest Premium Articles Subscribe

Now Reading: Cocaine is a bigger than car manufacturing in Italy

Up Next:

Cocaine is a bigger than car manufacturing in Italy

EPA/SPANISH POLICE DEPARTMENT HANDOUT

Handout photo released by Spanish Police Department on 08 March 2013 of several cocaine bundles which were seized to a gang, in Barcelona, northeastern Spain. Police arrested five Dominican people and one Italian man who allegedly brought cocaine into Italy using several vehicles, seizing 1.4 kilo cocaine and 411,000 euro. One of the vehicles had been used by the gang as a mobile laboratory to cut the drug.

By NEOnline | IR

Published 12:30 March 3, 2016

Updated 12:30 March 3, 2016

Ndrangheta makes more than FIAT

By NEOnline | IR

The anti-Mafia prosecutor’s office in Italy compared the earning from trade in cocaine of the Calabrian mafia, Ndrangheta, with those of FIAT-Chrysler.

Speaking at a press conference on Wednesday, the prosecutor said that the drugs trade was far more lucrative, because it makes a €32bn turnover that is pure profit, that is, which matches that of the car manufacturers’ value chain in Italy – production and distribution – but absolutely tax free and with ten times greater profit margins. Turnov...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑