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CRIME

Wild boar sniff out and destroy €20K cocaine stash in Tuscan forest

Wild boar snuffling in the forests of eastern Tuscany have dug up and destroyed a €20,000 stash of cocaine buried by drug dealers, police said.

Wild boar sniff out and destroy €20K cocaine stash in Tuscan forest
There are two million wild boars in Italy according to Italian agricultural group Coldiretti. Photo: Depositphotos

Wild boar, or cinghiale, are found in ever-increasing numbers in the Italian countryside, much to the dismay of the country's farmers, motorists, and now drug dealers.

READ ALSO: 'They destroy everything': Italian farmers protest rising number of wild boar

The animals unearthed and broke into a sealed package of cocaine hidden in the Tuscan forest, near Montepulciano, before scattering the contents through woodland, local media reported.

The unconventional drugs bust was discovered when police wiretapped suspected drug traffickers – an Italian and three Albanians – and heard them complain about the damage to their woodland stash.

The drug reportedly came from the nearby city of Perugia before being hidden and peddled around the eastern Tuscan city of Arezzo and further afield.

The gang had reportedly sold two kilos of cocaine in a month before being busted.

 

 

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CRIME

Bankers acquitted in Italy over derivatives scandal

An Italian appeals court on Friday acquitted 13 former top officials from Banca Monte dei Paschi di Siena (BMPS), Deutsche Bank, and Nomura over a long-running derivatives scandal.

Bankers acquitted in Italy over derivatives scandal
“Justice has been served. I’ve always believed in my clients’ innocence,” Giuseppe Iannaccone, lawyer for the Deutsche defendants, told AFP.
 
The Milan court overturned the 2019 convictions for allegedly helping Monte dei Paschi, the oldest bank in the world, hide hundreds of millions of euros in losses between 2008 and 2012, finding no crime had been committed.
 
 
The scandal, concerning false accounting, share manipulation, and obstructing regulators from Consob, Italy’s stock exchange watchdog, rocked BMPS, which has long been deemed a weak link in Italy’s banking system.
 
 
Prosecutors claimed derivatives trades called Santorini and Alexandria were used, in collusion with Germany’s Deutsche Bank and Japan’s Nomura, to hide losses equivalent to two billion euros ($2.2 billion).
 
The bankers, including former BMPS chairman Giuseppe Mussari and ex-chief executive Antonio Vigni, six former employees of Deutsche Bank and two of Nomura, were sentenced to up to seven years jail in the original trial.
 
The Milan court on Friday also ordered the release of about 150 million euros in seized assets from Deutsche Bank and Nomura, according to Italy’s Sole 24 Ore financial daily.
 
 
Deutsche Bank said it welcomed the verdict, while Nomura told AFP it was “pleased”.
 
Founded in Siena in 1472, BMPS has been in deep trouble since the eurozone debt crisis and is now majority-owned by the Italian state following a 2017 bailout.
 
Earlier Friday it reported a first quarter profit of 9.7 million euros, down 92 percent from the same period in 2021.
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