Italian crackdown on cash fraud ring

Italian police have issued arrest warrants more than 50 people, including some in Britain, in a crackdown on a money laundering ring.

Anti-Mafia prosecutor Piero Grasso says 56 people are being sought in Italy and abroad, suspected of fraud and laundering at least tens of millions of pounds.

He said among them was Silvio Scaglia, the founder of Italian broadband provider Fastweb SpA.

Also being sought is Senator Nicola Di Girolamo, a member of Silvio Berlusconi’s People of Freedom party who represents Italians living abroad.