Loading
Italy releases over $33 million in Vatican bank assets
Facebook Twitter Google+ Pinterest Addthis

.- Rome's attorney general has released 23 million Euro (over $33 million) in assets belonging to the Institute for Religious Works, also known as the Vatican bank.
 
The money was frozen after an anti-money laundering investigation was launched against the president of the bank Ettore Gotti Tedeschi, and the general director of the Institute, Paolo Cipriani. 

The Institute for Religious Works is under the auspices of the Vatican.

L'Osservatore Romano reported that the decision to release the funds –  which were seized on Sept. 17, 2010 – was made after lawyers for the two men filed a petition to have the assets unfrozen.
 
Roman officials said investigations carried out between Dec. 19 and May 20 confirmed that changes had been made in the bank's policy, which allowed for a re-evaluation and release of the confiscated money.
 
On Sept. 21, 2010, the Vatican State Secretariat expressed “shock and bewilderment” over the investigation launched by prosecutors in Rome, and expressed support for the work of Italian economist Gotti Tedeschi. It issued a statement saying the Vatican has always shown “absolute transparency regarding the financial operations of the Institute for Religious Works.”

At the time Tedeschi denounced the attorney general of Rome for taking advantage of procedural error as “an excuse to attack the Institute, its president and the Vatican in general.”
 
He told the Italian daily Il Sole 24 Ore that the transactions which he was being investigated for were “normal transactions that involved transfers from one set of bank accounts to another at the same Vatican bank.”

Ads by AdsLiveMedia(What's this?)

* The number of messages that can be online is limited. CNA reserves the right to edit messages for content and tone. Comments and opinions expressed by users do not necessarily reflect the opinions or beliefs of CNA. CNA will not publish comments with abusive language, insults or links to other pages

RESOURCES »

Ads by Google (What's this?)

Featured Videos

An Indian contribution to the Vatican's Synod on the Family
An Indian contribution to the Vatican's Synod on the Family
Christ Cathedral CNA video Sept 2014
Alejandro Bermudez of CNA accepts ice bucket challenge
'The Real Albania,' remembering those who fled
Pope Francis in Albania, "one of the most important visits of the post-communist era in Albania"
Pope Francis greets paralyzed man who risked all to see him
Franciscans on the banks of the Tiber in Rome, working for the New Evangelization
Pilgrimage from Czech Republic to Assisi and Rome for intentions
Testimony of young Indian who met Pope in Korea
Preparations of the Closing Mass of 6th Asian Youth Day
Missionary of Charity, Korea
Testimony of Christian Love during Pope's Visit to Korea
Religious Sisters in South Korea react to Pope Francis kissing a baby
Warm atmosphere during Holy Mass at Daejeon World Cup Stadium
Images inside Pope Francis flight to South Korea
The tombs of the early Christians
Missionaries of Africa, called "the White Fathers"
Italian youth give testimony after mission to Peru
Interview with Iraqi Ambassador to the Holy See on the persecution of Christians
New book 'The Vatican unknown'
Oct
25

Liturgical Calendar

October 25, 2014

Saturday of the Twenty-Ninth Week in Ordinary Time

All readings:
Today »
This year »

Catholic Daily

Gospel of the Day

Lk 13:1-9

Gospel
Date
10/25/14
10/24/14
10/23/14

Daily Readings


First Reading:: Eph 4: 7-16
Gospel:: Lk 13: 1-9

Saint of the Day

St. Romuald »

Saint
Date
10/25/14

Homily of the Day

Lk 13:1-9

Homily
Date
10/25/14
10/24/14
10/23/14