360° Coverage : Vatican bank officials resign amid fraud scandal

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Vatican bank officials resign amid fraud scandal
Photo Credit: FILIPPO MONTEFORTE, Getty Images

Vatican bank officials resign amid fraud scandal

Jul 2 2013, 9:54pm CDT | by

Vatican City, July 3 (IANS/AKI) The director and deputy director of the Vatican Bank have resigned following the arrest of a senior cleric on charges of plotting to smuggle 20 million euros into Italy from Switzerland.

Vatican City, July 3 (IANS/AKI) The director and deputy director of the Vatican Bank have resigned following the arrest of a senior cleric on charges of plotting to smuggle 20 million euros into...

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1 year ago

Vatican bank officials resign amid fraud scandal

Jul 2 2013, 9:54pm CDT | by

Vatican City, July 3 (IANS/AKI) The director and deputy director of the Vatican Bank have resigned following the arrest of a senior cleric on charges of plotting to smuggle 20 million euros into Italy from Switzerland.

Vatican City, July 3 (IANS/AKI) The director and deputy director of the Vatican Bank have resigned following the arrest of a senior cleric on charges of plotting to smuggle 20 million euros into Italy from Switzerland.

The Vatican's announcement of the resignations of Paolo Cipriani and Massimo Tulli came three days after the arrest of one of its accountants, Monsignor Nunzio, an Italian secret service agent and a financial broker, over the plot to smuggle the cash.

Vatican Bank president Ernst von Freyberg will take over as interim director general and a new position of chief risk officer will be created to improve compliance with financial regulations, the Vatican said.

The resignations and arrests are the latest of a series of blows to the Vatican's scandal-plagued bank and came only days after Pope Francis set up a special commission to probe the Institute for Works of Religion (Ior), as the bank is formally known.

The Ior has long been tainted by scandal, from the 1980s collapse of the Banco Amborisano, whose chairman Roberto Calvi was found hanging from the Blackfriars Bridge in London, to the freezing of 23 million euros by Italian prosecutors in 2010 amid a money-laundering probe.

Cipriani and former Ior president Ettore Gotti Tedeschi were investigated for breaching money laundering norms as part of the 2010 probe, which led the Vatican to oust Tedeschi.

Pope Francis has put emphasis on cleaning up the bank. In June, he named cleric Monsignor Battista Mario Salvatore Ricca to oversee the bank's management.

The commission of inquiry which includes a US academic is expected to deliver its preliminary findings on the Ior in October.

--IANS/AKI

pm/

IANS

Source: IANS

 
Update
6

1 week ago

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Oct 19 2014 9:03pm CDT | Source: WND

(USATODAY) — VATICAN CITY — Pope Francis on Sunday, as he beatified Pope Paul VI who implemented the Second Vatican Council’s vast changes, called on the church to adapt to “changing conditions of society.” His remarks took on added meaning as the bishops ended a two-week conference by rejecting landmark wording that would soften the church’s stance toward homosexuality and divorce. “God is not afraid of new things,” Francis pointedly said during the beatification Mass ...
Source: WND  Full article at: WND
 

 
Update
5

4 weeks ago

Pope's Skullcap Fetches $113,000 on Ebay

Sep 29 2014 11:35am CDT | Source: Big Government

Pope Francis traded the white skullcap--or “zucchetto”--he was wearing for an identical one offered by one of the hosts of a variety-show who was present for his General Audience on Wednesday, Sept. 17. The Italian program “Le Iene” (The Hyenas) subsequently placed the skullcap for auction on eBay and the bids that followed culminated in an offer of over $113,000. The young man, whose name is Damiano, got up at the crack of dawn to get a front row seat for the Pope’s audience in ...
Source: Big Government   Full article at: Big Government
 

 
Update
4

5 weeks ago

Vatican Secretary of State Blames Human Beings for Climate Change

Sep 24 2014 10:13am CDT | Source: Big Government

Archbishop Pietro Parolin, Secretary of State for the Vatican, says that human beings are the “principal cause” of global warming. Representing the Holy See, Parolin spoke before the United Nations Climate Summit yesterday, calling for a concerted effort to combat climate change, since “human inaction in the face of such a problem carries great risks and socio-economic costs.” Though acknowledging “how complex this issue is,” the Vatican official stated that the scientific conse ...
Source: Big Government   Full article at: Big Government
 

 
Update
3

5 weeks ago

Pope urges international aid to fight Ebola

Sep 24 2014 5:42am CDT | Source: Townhall's

VATICAN CITY (AP) — Pope Francis is urging international assistance to fight the Ebola virus in Africa.Francis also urged the 30 ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
2

8 weeks ago

Israel's Peres pitches "UN of Religions" to pope

Sep 4 2014 11:25am CDT | Source: Townhall's

VATICAN CITY (AP) — Retired Israeli President Shimon Peres has proposed a new global peace initiative to Pope Francis: A "United Nations o ...
Source: Townhall's   Full article at: Townhall's
 

 

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<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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