Italian Mafia: A $120 Billion business

According to a report from the BBC, the Italian Mafia is generating a huge amount of money from its extortion rackets. 

The Mafia has turned into one of Italy’s biggest business enterprises with a turnover of more than $120bn (£60bn) 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.