The Anti-Mafia Investigation Directorate executed an asset seizure order issued by the Prevention Measures Section of the Court of Trieste against an entrepreneur, Pasquale Formicola, 43 years old, from Cercola.
The man was sentenced in the first instance to 5 years and 4 months of imprisonment for self-laundering and tax fraud in the context of a proceeding opened by the Public Prosecutor's Office of Trieste for the purchase of a historic local port company, Depositi Costieri. In Formicola, assets of 5 companies based in the province of Naples, operating in the trade of petroleum products, 4 buildings in Cercola and Naples, movable assets including a vessel worth approximately 150 thousand euros and financial relationships for a total value of over 5 million euros were seized.
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According to the DIA and the Economic and Financial Police Unit of the Guardia di Finanza of Trieste, the asset checks revealed that Formicola was illegally reinvesting money in economic activities registered to front men, in particular in the purchase and management of Depositi Costieri. The investigations also revealed a significant disproportion between the declared income and the investments made over time.
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The measure was proposed by the Director of the DIA and the District Attorney of Trieste. Last January, the Court of Trieste convicted Formicola, Renato Smimmo and Giuseppe Della Rocca for the crime of self-laundering in the context of the investigation launched for the purchase of Depositi Costieri, which took place in May 2017.
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