Naples – More than 300 Guardia di Finanza police patrols performed a massive search and seizure issued by the Anti-Mafia prosecutor of Arezzo against 118 persons associated with a Swiss based gold smuggling gang accused of laundering the proceeds of organized crime, receiving stolen diamonds and tax fraud
Police seized large amounts of cash, and more than 500 bank accounts and credit institutions, and trust companies held by main members of the gang amounting to over 163 million euros.
The accussed allegedly made bundles of black market money by exchanging gold bullion for cash which was then smuggled by couriers in modified cars with false bottoms
The suspects operating in the Arezzo region used a country home as impenetrable as “Fort Knox” as a legitimate front to facilitate trafficking in hidden gold bullion and silver
