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

How the Most Underrated Fighter Planes of WWII Became killers of the Sky

 The year is 1942 and the US is in dire straits against the Imperial Japanese military. June 7th…See More
17 hours ago
Ray99kibz left a comment for Less Prone
"Thanks I am glad to be here."
yesterday
alux junes posted a status
"??"
yesterday
Elementisfire left a comment for Less Prone
"Sorry for the long wait"
yesterday
Elementisfire and Less Prone are now friends
yesterday
tjdavis posted photos
Sunday
tjdavis posted a video

Stink full movie

documentary on dangerous chemical ingredients found in everyday products
Sunday
Douglas Gordon is now a member of 12160 Social Network
Saturday
tjdavis posted a video

Revolution (1968) scenes featuring Today Louise Malone

Some clips from Jack O'Connell's Revolution (1968), featuring the one and only Today Louise Malone.
Friday
cheeki kea replied to cheeki kea's discussion Tartaria
"This screenshot is from a book found by a blogger in his research and gives an eye witnessed…"
Thursday
cheeki kea commented on Doc Vega's blog post To Each and every One of you here Happy Thanksgiving
Thursday
Doc Vega posted blog posts
Wednesday
Doc Vega commented on tjdavis's video
Thumbnail

The Hunt - Official Trailer [HD]

"A former ANTIFA member was interviewed here recently and this would not be far from actual reality…"
Nov 24
Doc Vega posted blog posts
Nov 24
tjdavis posted videos
Nov 24
tjdavis posted a blog post
Nov 24
tjdavis posted a photo
Nov 24
Doc Vega posted a blog post

Legacy of Supposedly Inferior Aircraft Outmatching Their Enemies

 We think of the Korean War aerial combat as the classic dogfights between the American F-86 Sabre…See More
Nov 22
Doc Vega commented on tjdavis's blog post Cities,States Without Limits
"This is just another form of a feudal globalism dictated by corporate technocrats bragging about…"
Nov 22
Doc Vega favorited tjdavis's blog post Cities,States Without Limits
Nov 22

© 2025   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