Italian Authorities Seize €200 Million in Assets Linked to Matteo Messina Denaro’s Cosa Nostra

Italian authorities said Thursday they were seizing more than 200 million euros ($232 million) in assets linked to late Cosa Nostra boss Matteo Messina Denaro, in an operation they said targeted proceeds from decades of drug trafficking.

“Italian authorities have seized more than $232m in assets linked to the late Mafia boss Matteo Messina Denaro, targeting a network built on decades of drug trafficking and financial laundering”

Al Jazeera

The Guardia di Finanza said the “vast sums of money derived from drug trafficking reinvested in numerous European and non-European countries” were being seized in Andorra, the Cayman Islands, Gibraltar, Lebanon, Luxembourg, Monaco, Spain and Switzerland, as well as Italy.

Al Jazeera

CNA.al reported the assets were worth more than 200 million euros and described them as “large amounts of capital” seized by anti-mafia investigators in Italy, with a video showing masked officers breaking down doors and climbing walls to raid luxury villas.

The investigation followed Messina Denaro’s arrest in 2023 after three decades on the run, and his death in custody shortly thereafter, with police saying the probe involved multiple countries including Spain and Switzerland and the Cayman Islands.

Italy’s top anti-Mafia prosecutor Giovanni Melillo called the operation “great strategic importance,” saying it was “not simply a matter of identifying and seizing a significant portion of the illicit wealth” accumulated over decades.

Al Jazeera quoted Melillo describing the aim as preventing the reformation of a criminal organization, saying the confiscation “means continuing the process of dismantling [the criminal group]” and restoring structures to project Cosa Nostra’s “full threatening power and economic and social influence.”

AnewZ

Police said three people have been arrested in the probe, and CBS News reported that the investigation used planes, drones and thermal scanners to detect concealed spaces and hidden cavities.

Al Jazeera said the crackdown relied on surveillance techniques including drones, aircraft and thermal scanners to locate concealed assets and hidden spaces, and it described the seized assets as spanning Spain, Switzerland, Luxembourg, Monaco and Lebanon, plus offshore jurisdictions including the Cayman Islands and Gibraltar.

Police said the money was “reintroduced into the legal economy” through luxury vacation resorts on Spain's Costa del Sol, bank accounts, securities portfolios and corporate holding companies, while CBS News said many of the 22 real estate properties were “genuine luxury resorts located between Marbella, Benahavis and Puerto Banus.”

“ItalyMafia assets seized: investigations also in Switzerland SDA 28”

blue News

CNA.al said investigators released a video of raids on luxury villas and reported that three people have been arrested and eight firms have been identified, including real estate companies said to be linked to the illicit funds.

Al Jazeera said the latest seizures strike at the financial infrastructure that sustained Messina Denaro’s network even after his death, and it described the operation as a major step in dismantling the group’s financial base.

The operation also triggered further legal steps in Switzerland, where blue News reported that the Office of the Attorney General of Switzerland confirmed it had received a request for mutual legal assistance from Palermo that was submitted this year and was being processed.