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Mafia goes green to launder green 

Credit:  AFP | 2013-07-04 www.news24.com ~~

Brussels – The Italian mafia is ramping up investment in wind farms to launder money and benefit from EU subsidies, according to a Europol report published on Thursday.

Europe’s policing agency said an analysis of the financial activities of the Italian mafia’s four groupings found wind farms to be the most popular target for dirty money within the renewable energy sector, itself a criminal favourite.

“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.

Italian police confiscated €350m worth of assets from one of Europe’s largest wind farms in Crotone last year, after it was linked to the Calabrian N’drangheta mafia.

Source:  AFP | 2013-07-04 www.news24.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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