Bishop nabbed in Vatican Bank probe, suspected of money laundering

Agence France-Presse (via InterAksyon.com) reports that the bishop of Salerno in Southern Italy has been arrested for trying to smuggle 20 million euros ($26 million) from Switzerland to Italy.

Agence France-Presse (via InterAksyon.com) reports that the bishop of Salerno in Southern Italy has been arrested for trying to smuggle 20 million euros ($26 million) from Switzerland to Italy.


According to the report, Bishop Nunzio Scarano was nabbed along with two other men for allegedly trying to launder money withdrawn from the Vatican Bank. The arrests were part of a probe concerning the scandal-plagued bank, which is also known as the Institute for Works of Religion (IOR). The daily La Repubblica reported that Scarano had already been suspended since Thursday last week, June 27, from his position "as a member of the administration that manages the Vatican’s assets."

 

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