Vatican Bank mired in laundering scandal
NICOLE WINFIELD and VICTOR L. SIMPSON - Dec 11, 2010
VATICAN CITY (AP) — This is no ordinary bank: The ATMs are in Latin. Priests use a private entrance. A life-size portrait of Pope Benedict XVI hangs on the wall.
Nevertheless, the Institute for Religious Works is a bank, and it’s under harsh new scrutiny in a case involving money-laundering allegations that led police to seize euro23 million ($30 million) in Vatican assets in September. Critics say the case shows that the “Vatican Bank” has never shed its penchant for secrecy and scandal.
The Vatican calls the seizure of assets a “misunderstanding” and expresses optimism it will be quickly cleared up. But court documents show that prosecutors say the Vatican Bank deliberately flouted anti-laundering laws “with the aim of hiding the ownership, destination and origin of the capital.” The documents also reveal investigators’ suspicions that clergy may have acted as fronts for corrupt businessmen and Mafia.
Tags: Michele Sindona, p2, Roberto Calvi
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December 26th, 2010 at 4:29 am
At least Satan/Lucifer/The Devil/ Beezlebub - whatever his name is, would be cool if he got sussed. ‘Misunderstanding’ …pfft …how flakey can you get? Thou shalt not LIE …nor STEAL …nor LAUNDER money guys!!! Has anyone checked under the Poke’s nightie for a stash??? And why IS he dressed like Santa Claus all the time???