Switzerland extradites suspect in Italian underground mafia bank investigation
A 62-year-old man arrested in Cassarate near Lugano on 21 October was transferred to Italy on 26 October. RSI reported confirmation from the federal authorities. The case concerns a suspected illegal bank concealed behind a car rental business in Pero, near Milan.
The man agreed to simplified extradition. According to RSI, investigators suspect him of converting the network’s money into cryptocurrency in Switzerland. On 21 October, Italy’s financial police announced measures against thirty suspects: sixteen custodial orders and fourteen house-arrest orders. Two suspects were also sought for arrest in Spain.
Prosecutors allege that shell companies issued invoices for services never provided. Businesses paid by bank transfer and then received cash back, less a commission. The cash allegedly included proceeds from drug trafficking and tax evasion. Bank funds were routed to foreign accounts and cryptocurrency exchanges.
The Guardia di Finanza estimated false invoicing at more than €110 million and transfers abroad at around €68 million. The seizure order exceeded €21 million. Investigators describe links to the ’Ndrangheta, the Casalesi clan and organised crime in Foggia. The investigation, led by Milan’s anti-mafia prosecutors, also covers suspected leaks from the court administration.









































