Priest at the heart of 'God's Banker' scandal dies at 84
Wednesday 22 February 2006
Archbishop Marcinkus was found dead at his home in Sun City, a suburb of Phoenix, Arizona, where he had retired after leaving Rome in 1990. He had lived his final years as a parish priest, steadfastly refusing to discuss the scandal which had brought such discredit on the Catholic Church.
Powerfully built, Marcinkus first arrived in Rome in the 1950s. He was a bodyguard to Pope Paul VI, before being appointed President of the Istituto per le Opere di Religione - the Vatican Bank - in 1971.
"You can't run the Church on Hail Marys," he once said. But his efforts to improve the finances of the Holy See led him into disastrous entanglements, first with Michele Sindona, the Mafia-linked Italian banker, and then with Calvi, President of Banco Ambrosiano.
Ambrosiano collapsed in June 1982, and Calvi was found dead in London, hanged beneath Blackfriars Bridge. Investigators quickly uncovered a network of tiny companies in Peru, Nicaragua and the Bahamas, many of them sponsored by the Vatican, in which Calvi had hidden some £700m of debts. Marcinkus himself was a board member of Ambrosiano's subsidiary in Nassau, a conduit for many of the illicit transactions.
Marcinkus denied responsibility, insisting he had been duped by Calvi. But the Vatican eventually paid £145m as settlement with Ambrosiano creditors.
filmFilm producers sue Warner Bros for $75m over Hobbit films
sportNapoli 2 Arsenal 0: Gunners must now face either Real Madrid, PSG, Bayern Munich, Atletico Madrid or Barcelona in knock-out stages
Swedish stars ask fans for £195 pledges on crowd-funding website
voicesJust when you thought you could find a man, get married, and have a baby by the age of 35... it turns out you’re too late, says Grace Dent
musicAs Mariah Carey and Noddy Holder rake in the royalties from their classics, why there hasn't been a decent festive hit for 20 years?
theatreAuthor Daniel Rosenthal recalls the mishaps that almost brought the curtain down on the likes of John Gielgud and Diana Rigg
lifeAs the Royal Mail plans to phase out deliveries on two wheels, it's no wonder posties are in a spin
musicThe 21-year-old beat Ella Eyre and Chlöe Howl to win the honour
lifeFull of the joys and want to help your fellow man? December isn't the time to do it
techLuke Blackall reports on precision engineered prams and babygros that monitor your child 24-7
Nelson Mandela memorial: ‘Bogus’ interpreter made mockery of Barack Obama’s tribute in Soweto
David Cameron explains selfie with Obama and Helle Thorning-Schmidt at Mandela Memorial
French café starts charging extra to rude customers
Krokodil in Mexico? Teenager hospitalised after 'injecting drug into her genitals'
Australia incest case: Filthy and severely deformed children found in remote farming community after generations of inbreeding
- 1 Nelson Mandela memorial: ‘Bogus’ interpreter made mockery of Barack Obama’s tribute in Soweto
- 2 John McAfee's $100 'anti-NSA' device: 'this is coming and cannot be stopped'
- 3 French café starts charging extra to rude customers
- 4 Is Facebook making us forget? Study shows that taking pictures ruin memories
- 5 Australia incest case: Filthy and severely deformed children found in remote farming community after generations of inbreeding
£77099.84 - £96375.26 per annum + Bonus + Benefits : Harrington Starr: My clie...
£45000 - £60000 per annum + Bonus and Package: Harrington Starr: Trading appli...
£35000 - £38000 per annum + Benefits: Harrington Starr: C# .NET Developer (Win...
£60000 - £70000 per annum + Benefits: Harrington Starr: Senior QA Engineer Tes...