Vatican bankers resign over finance scandal
Monday 01 July 2013
The director of the embattled Vatican bank and his deputy resigned on Monday following the latest developments in a broadening finance scandal that has already landed one Vatican monsignor into prison and added urgency to Pope Francis’ reform efforts.
The Vatican said Paolo Cipriani and his deputy, Massimo Tulli, stepped down “in the best interest of the institute and the Holy See”.
Mr Cipriani, along with the bank’s then-president, was placed under investigation by Rome prosecutors in 2010 for alleged violations of Italy’s anti-money-laundering regulations after financial police seized €23m from a Vatican account at a Rome bank. Neither has been charged and the money was eventually ordered released.
But the bank, known as the Institute for Religious Works, has remained under the glare of prosecutors amid fresh concerns it has been used as an offshore tax haven.
Last week, a Vatican accountant was arrested as part of Rome prosecutors’ broadening investigation into the IOR. Monsignor Nunzio Scarano is accused of corruption and slander in connection with a plot to smuggle €20m into Italy from Switzerland without reporting it to customs officials.
Mgr Scarano acknowledged under questioning that his behaviour was wrong but that he was only trying to help out friends, his lawyer said.
- 1 The truth about 'girl things': Three cheers for Heather Watson's honesty
- 2 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 4 Tennis fan suing Australian Open organisers for 'failing to shade spectators' during Murray match
- 5 Men behaving badly: Urinating while standing, 'manspreading' and the gendering of selfishness
Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Rob Lowe hits out at White House decision not to meet Israeli leader
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign
Winston Churchill: From accusations of anti-Semitism to the blunt refusal that led to the deaths of millions
British Muslim leaders outraged after Eric Pickles says followers of Islam should 'prove their identity'
UK terror fears: My jihadist son returned from Syria mentally scarred – now he is being ignored
Nigel Farage: NHS might have to be replaced by private health insurance
Billy Crystal: 'Stop shoving gay sex scenes in my face'
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Excellent Salary : Austen Lloyd: OXFORD - REGIONAL FIRM - An excellent opportu...
Super Package: Austen Lloyd: BRISTOL - SENIOR CLINICAL NEGLIGENCE - An outstan...
£15000 - £50000 per annum: Recruitment Genius: Fantastic opportunities are ava...
Negotiable: Recruitment Genius: A Compute Engineer is required to join a globa...