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Vatican Bank Under Investigation For Money Laundering!

Vatican Bank Under Investigation For Money Laundering!

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Italian authorities have seized over $30 million from a Vatican bank account as a precautionary measure, while they investigate top officials, including chairman Ettore Gotti Tedeschi, in the bank for suspected money laundering!
The Vatican responded this morning by standing behind Tedeschi, and released the following statement:

“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.”

According to reports, authorities began scrutinizing the Vatican after their bank never informed them over where a large sum of money came from. A bulk of the money seized was allegedly set to be transferred for JP Morgan in Germany, while the remainder was going to Banca del Fucino.
Shady shady.
But is anyone really surprised?
[Image via Getty Images.]

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Sep 21, 2010 19:20pm PDT

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