11 February 2009

now who's being naive, Kay ?

Mafia Millions Buoying Banks

VIENNA — Cash-rich Mafia groups have been channelling funds into banks desperate to survive the global credit crisis, the UN anti-crime chief said on Monday.

Antonio Maria Costa of the UN Office on Drugs and Crime said he had collected ample evidence to make such accusations.

"Consultations I've had with prosecutors and law-enforcement officials around the world show there is ample evidence that the banking system's illiquidity is providing a unique opportunity for organized crime to launder their money," Costa told Reuters.