Italian tax police on Tuesday seized assets worth 150,000 euros from a Calabrian mafia member convicted of drugs offences as well as from members of his family.
The assets impounded from Massimiliano Genova included an insurance policy and bank balances, local daily La Gazzetta del Sud reported on its website.
The seizures of the assets were carried out by police in the Calabrian transshipment port of Gioia Tauro on the orders of local prosecutors, according to police.
Genova has ties to the Calabrian mafia or 'Ndrangheta's Piromalli-Mole clan, police said.
Wednesday's operation followed a probe that showed the assets Genova declared over a number of years were at odds with his lifestyle, police stated.
Investigators who studied transfers of sizeable sums by Genova concluded that he was laundering ill-gotten gains, said police.
Drug trafficking, extortion and money-laundering rackets have in recent decades made the 'Ndrangheta Italy's wealthiest and most powerful international crime syndicate.
It operates throughout Italy and overseas and its influence and networks extend from northern Europe to Australia and North and South America.
