Vatican bank president in laundering probe is sacked
Friday 25 May 2012
The president of the Vatican bank was ousted yesterday after receiving a unanimous vote of no-confidence from bank overseers for having leaked documents and failed to do his job at a critical time in the Holy See's efforts to show financial transparency.
Ettore Gotti Tedeschi has been a polarising figure since he was named president of the bank, known as the Institute for Religious Works, or IOR, in 2009. He is under investigation for alleged money laundering by Italian magistrates, but the investigation isn't believed to have factored into the decision since the Vatican considers the probe to be motivated by outside political interests.
The Vatican said in a statement that the vote was taken because of Mr Gotti Tedeschi's failure to fulfill the "primary functions of his office". He has told prosecutors that he barely paid attention to the bank's works, showing up only two days a week while tending to his primary position as head of Spain's Banco Santander's Italian unit in Milan.
In addition, Mr Gotti Tedeschi was found to have leaked confidential documents to serve his personal and political interests, according to a person familiar with the investigation.
- 1 Russell Brand accuses FOX News anchor Sean Hannity of terrorism after aggressive Israel-Gaza debate
- 2 Pope Francis issues top 10 tips for happiness
- 3 Disney heiress Abigail disowns her share of family profits in West Bank company
- 4 The secret report that helps Israel hide facts
- 5 Now diplomacy has failed, boycotting Israel might be the only way we can protect the people of Gaza
Russell Brand accuses FOX News anchor Sean Hannity of terrorism after aggressive Israel-Gaza debate
Pope Francis issues top 10 tips for happiness
Justin Bieber posts Instagram photo of Orlando Bloom crying after Ibiza fight 'over Miranda Kerr'
Disney heiress Abigail disowns her share of family profits in West Bank company
Kelsey Grammer forgives the man who raped and murdered his sister in 1975
The secret report that helps Israel hide facts
Land for gas: Merkel and Putin discussed secret deal could end Ukraine crisis
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Boozy, ignorant, intolerant, but very polite – Britain as others see us
- < Previous
- Next >
£90 - £120 per day: Randstad Education Chelmsford: Supply teaching - A great w...
£28000 - £32000 per annum + benefits: Ashdown Group: Training Programme Manage...
£35000 - £40000 per annum + competitive: Progressive Recruitment: .Mid Level V...
£40000 - £45000 per annum + Competitive Benefits: Progressive Recruitment: Dig...