Italian authorities have executed a court-issued order for the application of coercive measures against 63 people for their involvement in a money laundering operation involving 100 million euros ($116m). Forty-eight individuals have been arrested in Naples, Caserta and Salerno. Authorities suspect that these individuals conspired to carry out ML for the Casalesi clan, an Italian criminal organization.
For at least four years, the detainees conducted several large financial transactions into postal current accounts or Postepay cards. The money, which was originally obtained from tax fraud, was then withdrawn in cash by hired criminals.
To commit the fraud, the conspirators had issued false invoices in the name of 51 shell companies in various sectors, including petroleum products, packaging and car spare parts. Authorities have identified 11 individuals who managed these companies and their accounts, and coordinated a network of 52 other individuals.