The 294 million euro assets of the entrepreneur Antonio Passarelli originally from Casal di Principe have been confiscated

Naples – The section for the application of preventive measures of the Court of Naples has ordered the first-degree confiscation of a large estate, worth over 294 million euros, belonging to Antonio Passarelli, an entrepreneur originally from Casal di Principe.

The assets, already seized in December 2022, were believed to be the result of money laundering operations linked to the Camorra.

According to investigations by the GICO of the Economic and Financial Police Unit of the Guardia di Finanza of Naples and the Neapolitan District Anti-Mafia Directorate, Passarelli managed and laundered the money of numerous Camorra clans, including the Mallardo, Di Lauro, Scissionisti, Puca, Aversano, Verde and Perfetto.

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The confiscated assets include 18 companies, 9 motor vehicles, 21 financial relationships and 631 properties and lands distributed in the provinces of Bologna, Ravenna, Naples, Benevento, Caserta, Latina, Sassari and Campobasso.

An economic empire built on Camorra money

The investigations conducted by the Pef Nuclei of the Guardia di Finanza of Naples and Bologna, in collaboration with the Central Service for the Investigation of Organized Crime, have revealed how Passarelli has operated for years in the sector of money laundering and the fictitious registration of assets.

This last conduct was confirmed with a final conviction. The entrepreneur allegedly reinvested large sums of money in various commercial sectors, particularly in the real estate market, ranging between Emilia Romagna, Campania, Lazio, Sardinia and Molise.

Investigators also found systematic tax evasion on considerable sums, which were then used for commercial and construction operations. The asset analysis highlighted a marked disproportion between the income declared by Passarelli and his family and the impressive wealth accumulated over time.

The confiscation represents a severe blow to the economic interests of organised crime and marks a further step forward in the fight against money laundering.