After pedophilia scandals, Vatican financial scandal


This January 2014 video is called Monsignor Nunzio Scarano accused of money laundering through Vatican Bank.

Not just sexual abuse scandals

Translated from Dutch daily De Volkskrant (founded as a Roman Catholic trade union paper):

Italy investigates Vatican money laundering

Our editorial on June 1 2010, 1:56 p.m., updated June 1 2010, 16:42

VATICAN CITY – The public prosecutor in Italy is investigating the possible involvement of the Vatican bank in money laundering.

The Italian newspaper La Repubblica reported this on Tuesday. It is said that the public prosecutor’s investigation will be into the Vatican bank IOR (Istituto per le Opere di Religione, or Institute for Religious Works), and that it would also focus on ten Italian banks, including Intesa San Paolo and Unicredit. They are suspected of using the IOR as a cover to hide illicit deals, such as fraud and tax evasion. The fraud would involve a sum of around 180 million euros, the newspaper said.

Noose

It is not the first time that the IOR has fallen into disrepute. In 1982 the bank was associated with the bankruptcy of fraudulent Banco Ambrosiano, which supposedly had ties with the Mafia. The boss of Banco Ambrosiano, Roberto Calvi, was in that year found dead with a noose around his neck at a bridge in London.

Financial Scandals: The Hidden Wealth of the Catholic Church: here.

5 thoughts on “After pedophilia scandals, Vatican financial scandal

  1. Pingback: German archbishop in child abuse scandal | Dear Kitty. Some blog

  2. Pingback: Vatican bank money laundering scandal | Dear Kitty. Some blog

  3. Pingback: Bishop arrested in Vatican bank scandal | Dear Kitty. Some blog

  4. Pingback: Pope Francis criticises Vatican hierarchy | Dear Kitty. Some blog

  5. Pingback: Pope Francis’ reforms obstructed by Vatican oligarchy | Dear Kitty. Some blog

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