Vatican Bank Investigated Over Money-Laundering

September 21st, 2010

Via: BBC:

The head of the Vatican Bank, Ettore Gotti Tedeschi, is under investigation as part of a money-laundering inquiry, police sources say.

Prosecutors also seized 23m euros ($30m; £19m) from the bank’s accounts with another smaller institution.

The inquiry was launched after two suspicious transactions were reported to tax police in Rome.

The Vatican said it was “perplexed and astonished”, and expressed full confidence in Mr Tedeschi.

The Vatican Bank, known officially as the Institute for Religious Works (IOR), was created during World War II to administer accounts held by religious orders, cardinals, bishops and priests.

Research Credit: Ebbing

One Response to “Vatican Bank Investigated Over Money-Laundering”

  1. ronjondoe says:

    “perplexed and astonished”!!! haha, the religious mafia is perplexed and astonished that anyone would dare question their right to fleece their sheep after 2000+ years! And we only answer to god’s law, which we wrote, so we are god, so fuck you for asking! haha…

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