Northern Ireland man arrested in 'Ndrangheta raids 5 March 2013 Last updated at 18:51 This video provided by the Italian authorities shows the police operation on Corriere della Sera A man from Northern Ireland has been arrested by police in Italy investigating money laundering connected to the Calabrian mafia. The man, in his early 60s and believed to be from Belfast, was arrested with about 20 other people in the south of the country in the town of Reggio. He has been named by police as Henry Fitzsimmons, who is 63. The raids centre on the 'Ndrangheta crime network and its activities in tourism. The branch of the Italian police involved is the Guardia di Finanzia - the finance police. They have seized assets worth almost £400m, including companies and holiday villages. The arrests were made early on Tuedsay morning. It is understood the Police Service of Northern Ireland have helped their counterparts in Italy and that Henry Fitzsimmons, also known as Harry, comes from west Belfast. Italian police have said their investigations have revealed an extensive and complex network of Italian and foreign companies which have enabled mafia crime gangs to become involved in the development of dozens of properties, including tourist resorts. BBC Newsline's home affairs correspondent Vincent Kearney spoke to the district commander of the financial police in Italy Some of the resorts have been located in the Calabria region, where the man from Belfast was arrested. Reports in the Italian media say that some Spaniards have also been arrested and that this police investigation has been going on for about five years. Initial reports suggested an IRA link to the arrested man. However, the BBC spoke to one of the police commandants in Calabria who said there was no evidence of IRA involvement.