VATICAN CITY, July 4 (Reuters) – A preliminary inquiry by
the Vatican bank after the arrest of a Vatican prelate on
suspicion of trying to smuggle huge sums of money into Italy
from Switzerland found “clear failings” at the institution, a
source close to the bank said on Thursday.
The board of the bank, formally known as the Institute for
Works of Religion (IOR), held a meeting on Thursday that also
addressed the shock resignation of its two top managers on
Monday. The meeting had not been made public.
SALERNO, Italy, July 4 (Reuters) – Even though he was known
to like to live well, police said they were startled when they
entered Monsignor Nunzio Scarano’s apartment after he called
them one night in January to report a burglary.
The apartment, in one of Salerno’s most up-market
neighbourhoods in the city centre, was huge, with art lining the
walls and hallways divided by Roman-style columns.
To most people, a book is a book. But to Monsignor Nunizio Scarano, a Vatican official arrested on charges of money smuggling, a “book” was a code word for one million euros in cash, a report by the judge on the case said.
VATICAN CITY (Reuters) – Two top managers of the scandal-plagued Vatican bank resigned on Monday following the arrest of a high-ranking cleric with close ties to the financial institution, in the latest of a string of embarrassments for the Holy See.
Director Paolo Cipriani and deputy-director Massimo Tulli stepped down three days after the Vatican was rocked by the arrest of Monsignor Nunzio Scarano, who is accused of plotting with two other people to smuggle 20 million euros into Italy from Switzerland.
ROME, July 1 (Reuters) – To most people, a book is a book.
But to Monsignor Nunizio Scarano, a Vatican official arrested on
charges of money smuggling, a “book” was a code word for one
million euros in cash, a report by the judge on the case said.
“Encyclopaedia,” and “bookmarks” were among other code words
that Scarano, who had close connections to the Vatican bank,
used in phone conversations with secret service agent Giovanni
Zito and broker Giovanni Carenzio, it said.
VATICAN CITY, June 30 (Reuters) – A senior Catholic cleric
arrested in a plot to smuggle tens of millions of dollars into
Italy controlled vast amounts of money and felt he could act
with impunity because of his connections to the Vatican bank,
according to a judge’s investigative document.
In the latest blow to the Vatican’s image, Monsignor Nunzio
Scarano, 61, was arrested on Friday along with an Italian secret
service agent and a financial broker.
ROME (Reuters) – A senior Catholic cleric with connections to the Vatican bank was arrested on Friday for plotting to help rich friends smuggle tens of millions of euros in cash into Italy from Switzerland, in the latest blow to the Vatican’s image.
Monsignor Nunzio Scarano, 61, who worked as a senior accountant in the Vatican’s financial administration, was arrested along with an Italian secret service agent and a financial intermediary in a tale that reads like a spy novel.
ROME (Reuters) – A senior Vatican cleric suspected of trying to help rich friends bring millions of euros into Italy illegally was arrested on Friday as part of an investigation into the Vatican bank, police sources and his lawyer said.
Monsignor Nunzio Scarano, 61, worked as a senior accountant in the Vatican’s financial administration and is already involved in another investigation by magistrates in southern Italy.
VATICAN CITY (Reuters) – Pope Francis on Wednesday set up a special commission of inquiry into the Vatican bank, his boldest move yet to get to grips with an institution that has embarrassed the Church for decades.
The high-powered, five-member panel, which includes four prelates and a woman Harvard law professor, will report directly to him, bypassing the Vatican bureaucracy that itself has sometimes been tainted by allegations of scandal and corruption.
A Jewish leader expressed concern to Pope Francis on Monday over attempts to make a saint of World War Two-era Pope Pius XII, who has been accused of turning a blind eye to the Holocaust.