Italy goes Cyprus on Mafia's Lord of the Wind.
Mafia-linked businessman loses 43 companies, 98 properties, 66 bank accounts, credit cards, investment funds, cars and boats.
Investigators said Nicastri, who made his name as an alternative energy entrepreneur, had "high-level" contacts in the mafia and invested money made from criminal activities. "This is a sector in which money can easily be laundered," Arturo de Felice, head of Italy's anti-mafia agency, told SkyTG24.
Police said Nicastri had close ties to Matteo Messina Denaro, a Cosa Nostra kingpin who has been on the run since the early 1990s.
"Matteo Messina Denaro is behind many businessmen considered above suspicion who manage and take care of the assets of the real boss of Cosa Nostra," tweeted Ivan Lo Bello, vice-president of business lobby Confindustria. "The fight against money laundering is fundamental to the crushing of the mafia."