Community | September 21, 2010 | 14 comments

Vatican Bank Facing Money Laundering Probe

source: http://www.huffingtonpost.com/2010/09/21/vatican-bank-facing-money_n_732947.html

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Italian authorities seized euro23 million ($30 million) from a Vatican bank account Tuesday and said they have begun investigating top officials of the Vatican bank in connection with a money-laundering probe.

The Vatican said it was "perplexed and surprised" by the investigation.

Italian financial police seized the money as a precaution and prosecutors placed the Vatican bank's chairman and director general under investigation for alleged mistakes linked to violations of Italy's anti-laundering laws, news reports said.

The investigation is not the first trouble for the bank – formally known as the Institute for Works of Religion. In the 1980s, it was involved in a major scandal that resulted in a banker, dubbed "God's Banker" because of his close ties to the Vatican, being found hanging from Blackfriars Bridge in London.

Surprise -surprise


http://www.huffingtonpost.com/2010/09/21/vatican-bank-facing-money_n_732947.html
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14 comments // Vatican Bank Facing Money Laundering Probe

  • ayipis
  • ayipis
  • CalgarC
  • ayipis
  • themotivateddropout
    • +2
      themotivateddropout  

    • This sad little tale of the Vatican is going to come to an abrupt and untimely end.
      With all the money they have stored away, laundering is the next logical step.
      I mean, what would Jesus do?

    • 1 year ago
  • themotivateddropout
  • Stoneyroad
  • NiceN
    • 0
      NiceN  

    • I really am not surprised. I never trusted the pope, his resume is suspiciously close to the enemies of the church itself.

    • 1 year ago
  • ReverandG
  • CalPal
  • tylervictoria1
  • timetide
    • +2
      timetide  

    • you know, there's so many scandels about the Catholic Church I'm begining to feel a bit numb. Telling africa condoms give them HIV/AIDS bad but not the worst thing they've done. Laundering dirty money is bad, don't get me wrong, but its low on the list of crimes they've commited over the past decade alone. to me its almost like charging a dude with carjacking while he's on trial for murdering and rapeing a kindergarden class. ya its important but at the moment there are worse crimes to consdier.

    • 1 year ago
  • Dantenb
    • 0
      Dantenb  
    • timetide:

      bahahahaha! The Pope didn't say to South Africans that condoms would give them HIV/AIDS. What he said was that people should abstain from sex altogether rather than taking a risk with a condom and have it possibly break. I don't know how people keep on misinterpreting that, it's a pretty simple idea. In all honesty, if people did abstain instead of having sex it would decrease the rate of HIV/AIDS spread. However, we are humans and that ain't happening.
      All that aside, I think your right, there are more pressing things on the table for the church right now.

    • 1 year ago
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