Two others, identified by Italian media as Alessandro Monti and Fabio Bernardi, were detained after a French-made missile was discovered at an airport hangar, police said.
"During the operation, an air-to-air missile in ideal working order and used by the Qatari army was seized", police said of the 245-kilogram (540-pound) Mantra Super 530 F missile.
"The police investigation. came into being because of the activities of some Italian fighters with extremist backgrounds who had taken part in the armed conflict in the Ukrainian region of Donbass against the separatists", the police statement said.
Carlo Ambra, the chief of the Turin unit of Digos, the police squad that deals with cases involving organised crime and terrorism, said investigators intercepted phone conversations between one of the men and an arms expert who proposed purchasing the missile on behalf of a third party. Among the haul were combat-style knives, assault rifles, submachine guns, pistols and shotguns, along with various pieces of Nazi propaganda and memorabilia. The weapons cache was found in his home, according to CNN.
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Special Forces of the anti-terrorist police officers inspect the air-to-air missile seized during the operation. Both were also linked to the plot to sell the Matra missile.
According to Reuters, police said the neo-Nazis were communicating with possible customers via WhatsApp.
Del Bergiolo's lawyer, Fausto Moscatelli told CNN his client is a "weapons enthusiast".
"My client is a collector and they sequestered weapons that were in his home", Moscatelli told CNN. "There was a misunderstanding with the Nazi paraphernalia, he also had fascist and USSR paraphernalia, but they (the police) only took things with swastikas".
Italy's opposition center-left Democratic Party (PD) urged the government to do more to tackle right-wing extremism. "It's an incredible, very serious event", said former PD head Maurizio Martina.