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

 
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5

7 weeks ago

Islamic Prayers at Vatican for First Time as Pope Hosts Interfaith Prayer

Jun 9 2014 10:14am CDT | Source: Big Government

On Sunday, Islamic Prayers and readings from the Quran were heard from the Vatican for the first time in history. The prayers came as a result of Pope Francis’s request that Israeli President Shimon Peres and Palestinian Authority President Mahmoud Abbas meet him at the Vatican City to pray amongst each other for peace. Pope Francis hoped that inter-faith dialogue would promote peace between the Israel ...
Source: Big Government   Full article at: Big Government
 

 
Update
4

7 weeks ago

Pope Francis Dreams Of Middle East Peace Through Prayer With Abbas And Peres

Jun 6 2014 11:43am CDT | Source: Politics - The Huffington Post

VATICAN CITY (AP) - Pope Francis is seeking to rekindle the dream of peace by bringing the Israeli and Palestinian presidents together this weekend for a unique common prayer for peace in the Vatican gardens. It will be the first time such a meeting has ever taken place at the Vatican and marks the first time in over a year that Israeli President Shimon Peres and Palestinian President Mahmoud Abbas have met. Vatican officials insisted Friday the Sunday evening prayer represented a ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
3

7 weeks ago

Pope seeks to rekindle dream of Mideast peace

Jun 6 2014 9:10am CDT | Source: Townhall's

VATICAN CITY (AP) — Pope Francis is seeking to rekindle the dream of peace by bringing the Israeli and Palestinian presidents together thi ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
2

8 weeks ago

Pope Francis Deeply Moved By Plight Of Juveniles Facing Life Imprisonment

Jun 4 2014 6:03am CDT | Source: Politics - The Huffington Post

VATICAN CITY (RNS) Pope Francis has been “deeply moved” by 500 letters he received from young U.S. prisoners facing life behind bars and promised to pray for them. According to the U.S. Jesuit weekly magazine America, the letters were sent to Francis by the Rev. Michael Kennedy, executive director of the Jesuit Restorative Justice Initiative, in southern California. “I have read the letters which you kindly sent to me from hundreds of young people from the United States ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 

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