Reasons for dismissal of Vatican Bank boss emerge
Supreme Knight Carl Anderson.
Supreme Knight Carl Anderson.
By David Kerr
Facebook Twitter Google+ Pinterest Addthis

.- The Vatican Bank’s president was dismissed for failing to carry out “basic duties,” giving people inaccurate information about the institution and “progressively erratic personal behavior,” according to board member Carl Anderson.

“What happened is source of great disappointment,” he told the Italian newspaper La Stampa on May 27. Anderson, who leads the international fraternal organization the Knights of Columbus, said the board “had come to have great expectations for this new management.”

Ettore Gotti Tedeschi was removed as president of the Vatican Bank May 24, following a no confidence vote by the other four board members. The 67-year-old Italian served as the head of the bank, officially known as the Institute for Works of Religion, since 2009.

As committee secretary, it fell to Anderson to write an explanatory note to Gotti Tedeschi who, in the words of the memo, had “abandoned the premises of the Institute without notice and without waiting to receive notice as to the results of the no confidence vote.”

Anderson’s memo outlined the nine key reasons for Gotti Tedeschi’s removal, which included his “failure to carry out basic duties,” “abandoning and failing to attend meetings,” the “dissemination of inaccurate information regarding the Institute,” “polarizing the Institute and alienating personnel,” and “progressively erratic personal behavior.”

The bank boss was also accused of failing to provide an explanation “for the dissemination of documents last known to be in the President’s possession.”  Anderson stressed, however, this charge was unrelated to the recent arrest of the Pope’s butler, Paolo Gabriele, on suspicion of stealing and leaking sensitive internal Vatican documents to the press.

“That the dismissal of the president should happen at the same time as the arrest of the pope’s butler is just a coincidence, nothing more,” Anderson told La Stampa.

“The board meets approximately every three months and the problem of the vote of confidence on Gotti Tedeschi was on the agenda for a long time.”

The sacking of Gotti Tedeschi comes only weeks before the Council of Europe is expected to decide on the Vatican’s bid to be placed on the organization’s “White List” of countries that adhere to the highest standards of financial transparency.

“Whoever thinks that current events at the IOR may be an obstacle in the effort to achieve transparency is terribly wrong, because we are acting in the very name of transparency and were not pressured by the Curia in any way,” Anderson said.

Gotti Tedeschi has yet to give his side of the story, claiming on May 25 that he was “torn between the anxiety to explain the truth and not wanting to disturb the Holy Father.”

The Vatican is now seeking a new candidate to succeed Gotti Tedeschi. In the interim, the presidency will be assumed by the bank’s vice president Ronaldo Hermann Schmitz.

Tags: Vatican, Vatican Bank, Knights of Columbus

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


Ads by Google (What's this?)
Ads by Google

Featured Videos

Cardinal Luis Tagle to Pope Francis
Cardinal Luis Tagle to Pope Francis
Pope Francis in the Philippines: Manila Welcomes the Pope
Pope Francis in Sri Lanka: Highlights
Pope Francis in Sri Lanka: Interview with Cardinal Ranjith
Pope Francis in SriLanka: Inter-religious Faith Meeting
Little Sisters of the Poor press conference in Denver
Family thrilled to see Pope Francis in Istanbul
Syrian Refugee, Sara, 14, Before Meeting Pope
Ebola orphans thousands of children in West Africa
One year after Haiyan: Philippines rebuilds homes, lives
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

Liturgical Calendar

January 29, 2015

Thursday of the Third Week in Ordinary Time

All readings:
Today »
This year »

Catholic Daily

Gospel of the Day

Mk 4:1-20


Daily Readings

Saint of the Day

St. Romuald »


Homily of the Day

Mk 4:1-20