Vatican Bank Raided in Money Laundering Inquiry

My take is that this is just another step in the efforts to destroy all religions and for the introduction of the "New Age, Mother Gaia, and The Great Global Warming Swindle".


Italian authorities froze nearly £20 million belonging to the Vatican’s bank on Tuesday in an unprecedented investigation into alleged money-laundering by the Holy See.

The Vatican says it is 'perplexed' by the investigation, which is being conducted by Italy's tax police.

The head of the Vatican bank, Ettore Gotti Tedeschi, was placed under investigation for allegedly failing to communicate to financial authorities where the money had come from Photo: REUTERS

It was the first time that such action has been taken against the bank, which is formally known as the IOR or Institute for Religious Works.

Prosecutors placed the bank’s director-general and its chairman under investigation in connection with two allegedly suspicious transactions which may have breached Italy’s anti-money laundering laws.

Investigators have spent more than a year scrutinising millions of euros of Vatican bank transactions to see if they violated regulations.

The inquiry culminated in Monday's raid, in which police froze €23 million (£19 million) of Vatican bank funds, held by a private bank.

The Vatican bank’s chairman, Ettore Gotti Tedeschi, who was appointed last year, was placed under investigation for allegedly failing to communicate to financial authorities where the money had come from.

He is not being investigated for laundering money but for omitting to disclose key information.

The Vatican said it was “perplexed” by the investigation, which is being conducted by Italy’s tax police.

“The Holy See is perplexed and surprised by the initiatives of the Rome prosecutors, considering the data necessary is already available at the Bank of Italy, and similar transactions commonly take place with other Italian banks,” it said in a statement.

The Vatican expressed “the utmost confidence” in the bank’s senior executives, including Mr Gotti Tedeschi.

A member of the conservative religious movement Opus Dei, he has spoken out on the need for more morality in financing.

Mr Gotti Tedeschi is a close adviser to Italy’s finance minister, Giulio Tremonti.

The IOR manages the Vatican’s finances as well as the accounts of Catholic organisations and religious orders.

Telegraph.co.uk

Views: 61

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega posted a blog post

Why is Planet Earth Considered to be a Prison?

For millennia we seem to be collecting accounts given by many races of non-terrestrial humanoids…See More
4 hours ago
Burbia's blog post was featured

How much money makes anyone have a god complex?

Trump makes a meme of himself as Jesus Christ. Soros says he fancied himself a sort of god.In 2004,…See More
8 hours ago
Less Prone favorited Burbia's blog post How much money makes anyone have a god complex?
8 hours ago
cheeki kea's blog post was featured
8 hours ago
Less Prone favorited Gordon Freeman's blog post Stupidity...
8 hours ago
Doc Vega's 6 blog posts were featured
8 hours ago
Less Prone favorited tjdavis's video
8 hours ago
Doc Vega commented on Doc Vega's blog post So you Don't Think Communist China is Buying Off the Democrat Party?
"Tragically funny how easily patriotism dissolves when money is involved! "
Friday
Doc Vega favorited tjdavis's blog post The Islamization of Texas and the Rest of the States
Friday
Doc Vega commented on tjdavis's blog post The Islamization of Texas and the Rest of the States
"Yes and they are at this time allowing Epic City, a muslim wet dream to be constructed near Dallas…"
Friday
Doc Vega posted a blog post
Friday
Burbia commented on tjdavis's blog post The Islamization of Texas and the Rest of the States
"Muslim celebration at Grand Prairie water park canceled after Gov. Abbott threatens to pull city…"
Friday
Burbia commented on tjdavis's blog post Reminder: The Bush Family purchased over 100,000 acres of land in Paraguay
"I guess with coming solar flares that sent societies underground before arrives in the near future…"
Friday
Burbia posted a blog post

'Showbiz' Don to Release Xenu Upon the Public

 New York Post says the other files will be released Friday. If there ever was a Disclosure from…See More
Friday
tjdavis posted a blog post
Friday
tjdavis posted a blog post
Wednesday
tjdavis posted a video

Jerusalem Syndrome - Israel/Palestine

August 2006For some, visiting Jerusalem brings them a little too close to God. Dozens of tourists develop 'Jerusalem Syndrome', believing they have a messian...
Wednesday
tjdavis posted photos
Wednesday
Doc Vega posted a blog post

So you Don't Think Communist China is Buying Off the Democrat Party?

California Democrats Just Joined Hands With Communists Funded From ShanghaiPosted on …See More
Tuesday
cheeki kea commented on Doc Vega's photo
Thumbnail

681373888_994247376374814_9118727954735788138_n

"But Wait Folks... There's even more, even more than more in this ugly situation. A story of…"
Tuesday

© 2026   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted