Roberto Pannunzi was detained in Bogota with a fake Venezuelan identity card in a joint operation by Colombian police together with the US Drug Enforcement Administration (DEA).
"He is the biggest cocaine importer in the world," said Nicola Gratteri, deputy chief prosecutor in Reggio Calabria in southern Italy.
"He is the only one who can organise purchases and sales of cocaine shipments of 3,000 kilos (6,600 pounds) and up," he said.
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