Italian police have announced that they have arrested 33 Chinese individuals who were involved in laundering over 50 million euros on behalf of the 'Ndrangheta and other drug trafficking groups.
Italian financial authorities told Reuters that an operation against Chinese money laundering brokers revealed connections between Chinese nationals offering money laundering services on behalf of the 'Ndrangheta and other drug trafficking organizations.
According to the data from Italian financial authorities, the 50 million euros laundered do not reflect the actual volume of black money laundered by the gang so far. They mentioned that the Chinese group has been under surveillance from 2020 to 2022, and there were difficulties in making progress in the investigation until then, with all activities becoming increasingly challenging and complex. Therefore, it is premature to provide a comprehensive statement regarding the detained Chinese nationals based on only 20% of the results.
According to the information, the Chinese gang is involved in drug trafficking and money laundering activities in Rome and six other Italian cities. It has been reported that approximately 10 million euros in cash and valuable items were seized from the alleged financial officer of the gang responsible for foreign capital transfers.