Italian Mafia turnover '$120bn'
The Mafia has turned into one of Italy's biggest business enterprises with a turnover of more than $120bn a year, a new report says.
The report, prepared by Italy's leading retailer's association, warns of growing Mafia influence in the south. It estimates that 7% of Italy's output is filtered off by organised crime.
The retailer's association says it is seriously concerned by the spread of Mafia extortion rackets from small to big businesses. Big business also finds it easier to negotiate agreements with the Mafia rather than to denounce extortion rackets to the police, it adds.
The study alleges that 20% of Italian shops pay regular hush money to criminals to carry on business undisturbed.
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