Showing posts with label Vatican Bank. Show all posts
Showing posts with label Vatican Bank. Show all posts

Tuesday, July 17, 2012

The Vatican Bank Is Reportedly Under Investigation For Laundering Millions For A Mafia Godfather


I'm a little late posting this one, as I was ill when this came out.  - AK

AP Photo/Riccardo De Luca
http://www.businessinsider.com/vatican-bank-new-investigation-targets-mafia-links-2012-6

June 14, 2012, 11:54 AM 


New reports detailing widespread corruption and money laundering in the Vatican are coming out again, this time linking the Vatican with Sicilian mafia bosses, the Telegraph reports.

Sicilian mafia Godfather Matteo Messina Denaro and Father Ninni Treppiedi are the two names being mentioned in this episode.

Treppiedi, formerly the cleric of Aclamo, the richest parish in mafia safe haven Sicily, was relieved of his duties earlier this year when his bank's transactions attracted the attention of anti-mafia investigators. The transactions, which date back to 2007-2009, are said to involve millions of euros, according to RT.

Prosecutors believe the transactions may have been attempts at laundering the riches of Mafia Godfather Denaro. Denaro is said to be one of the most wanted men on earth, and has something of a celebrity status in Italy (he appeared on the cover of l'Espresso in 2001).

This latest development comes on the heels of the firing of Vatican Bank president Ettore Gotti Tedeschi, the arrest and imprisonment of the Pope's personal butler, and a report that mob boss Enrico de Pedis was buried next to former popes after his family paid one billion lire to the Vatican in 1990.

The lack of transparency in the Vatican's financial dealings was even recently questioned by JPMorgan Chase, shutting down the Vatican's bank account in Chase's Milan branch.


Wednesday, May 30, 2012

Vatican Says Trust in Church Hurt by Scandal




By Philip Pullella
VATICAN CITY | Mon May 28, 2012 2:05pm EDT

(Reuters) - The Vatican, engulfed in the worst crisis in Pope Benedict's papacy, on Monday denied Italian media reports that cardinals were suspects in an investigation into leaks of sensitive documents that led to the arrest of the pope's butler.

But while denying the reports, which said the butler was merely a courier in a behind-the-scenes struggle for power in the Holy See, the Vatican acknowledged that the often sordid affair would test the faith of Catholics in their Church.

The scandal exploded last week when - within a few days - the head of the Vatican's own bank was abruptly dismissed, the butler was arrested over leaks and a book was published alleging conspiracies among cardinals, the "princes of the Church".

Documents leaked to journalists allege corruption in the Church's vast financial dealings with Italian business.

Vatican spokesman Father Federico Lombardi told a news conference: "This is naturally something that can hurt the Church, and put trust in it and the Holy See to the test."

Italian newspapers, quoting other whistle blowers in the Vatican, said the arrested butler was merely a scapegoat doing the bidding of more powerful figures, punished because the Church did not dare implicate cardinals behind the leaks.


"There are leakers among the cardinals but the Secretariat of State could not say that, so they arrested the servant, Paolo, who was only delivering letters on behalf of others," La Repubblica quoted one leaker as saying.


The Secretariat of State is run by Cardinal Tarcisio Bertone, the pope's powerful right-hand man, and the scandal appears to involve a struggle between his allies and enemies, reminiscent of Renaissance conspiracies inside the Vatican.

Thursday, May 24, 2012

Vatican Bank Head Loses Anchor in Holy See



Vatican Bank Head Ousted as Holy See Fights Sandal
By Jean-Louis de la Vaissiere (AFP) – 4 hours ago

VATICAN CITY — The Vatican Bank ousted its president on Thursday after he failed to clean up the image of an institution that has come to symbolise the opacity and scandal gripping the Holy See's administration.

Ettore Gotti Tedeschi was forced to resign "for failing to carry out duties of primary importance," the Holy See said in a statement.

The president was ousted in the wake of a series of financial scandals as the Vatican tries to clean up its image and put a stop to a leak of documents.

"The board passed a unanimous no-confidence vote against the president... and believes the action is important to maintain the vitality" of the bank, the Vatican said, as internal divisions over transparency came to a head.

Gotti Tedeschi, an expert on financial ethics, was put in charge of the bank -- also known as the Institute for Religious Works (IOR) -- in 2009, in an effort on the part of the Vatican to rid the institution of scandal.

Moneyval, the Council of Europe's experts on anti-money laundering, is due to rule at the beginning of July on the whether the Holy See has managed to clean up its act and meet international monetary standards.

But the former head of Spanish bank Santander's Italian operations tasked with bringing transparency to the bank came under suspicion in 2010 when he was investigated as part of an inquiry by magistrates into money-laundering.

Gotti Tedeschi, 67, was accused of violating laws set up in 2007 that tightened rules on disclosure of financial operations to the Italian central bank in a bid to stamp out money laundering.

He was more recently also suspected of leaking documents and accused in some quarters of serving his own interests.

The board said it would seek a president who could "help the institute establish efficient and extensive relations between it and the financial community based on mutual respect of accepted international banking standards."

For now, Deputy President Ronaldo Hermann Schmitz will take over the reigns.

Gotti Tedeschi's exit comes at a tense time for the Vatican, which has had to deal over the past months with a series of leaks of sensitive documents and accusations of corruption and fraud splashed over the Italian press.

Sunday, March 18, 2012

Vatican Attacks Leaks and Whistle Blowers




By Philip Pullella
VATICAN CITY | Fri Mar 16, 2012 6:06pm GMT
(Reuters) - The Vatican has opened an extremely rare criminal investigation into embarrassing leaks of top-level sensitive documents alleging corruption and mismanagement in several of its departments.

The investigation, announced in the Vatican newspaper on Friday, will be carried out by an internal tribunal in a bid to find out who leaked the material.

A separate, administrative investigation will be conducted by the Secretariat of State, which manages Vatican bureaucracy. Pope Benedict had also ordered a "high-level commission" to shed light on the affair, the newspaper said.

The scandal, which has come to be known as "Vatileaks," involves the leaking of a string of sensitive documents to Italian media in January and February, including personal letters to the pope.

Tuesday, February 28, 2012

Rumor 2/28/12 Banking Cabal Arrests

Unconfirmed rumor: "...this AM saw Interpol arresting 'bout 1/2 dozen director level FED bankers across the pond [UK]....don't know the outcome, but the big complaint is that these fellows have some kind of diplomatic immunity. They are saying to watch, of all things, the Chicago Trib, for details..."