Around 12,000 consoles on which more than 47 million pirated video games were illegally stored were seized, for an estimated value of more than €47.5 million (US$52.5 million),” Alessandro Langella, head of the economic crime unit for Turin’s financial police,

Italian police have smashed a gang trafficking fake retro video games from China, seizing a haul that they claimed was worth £40 million.

Authorities in Italy have busted a lucrative retro game trafficking ring which is said to have been suppling fake vintage consoles and games worth almost €50m ($55.5m).

A police action results in a seizure of thousands of fake retro consoles and millions of pirated games with an estimated combined worth of over $50m.