Vatican City, May 25, 2012 / 09:17 am
The President of the Vatican Bank, Ettore Gotti Tedeschi, has been fired from his post following a vote of no-confidence by the bank's supervisory board.
“Over time this area had generated increasing worries among the members of the board and, despite repeated efforts to communicate these concerns to Professor Gotti Tedeschi, President of the Works of Religion, the situation deteriorated further,” read a communiqué issued by the Vatican May 25.
“Following discussion of the issues, the board members voted unanimously in favor of a motion expressing no confidence in the president for not having carried out various responsibilities of primary importance regarding his office.”
The exact nature of the alleged failures was not detailed in the communiqué.