Priest Arrested For Fraud At Vatican Bank

 

 

 

” Italian police on Friday arrested a prelate, a financial broker and a former agent of the Italian Secret Service on corruption charges as part of a plot to transport 20 million euros from Switzerland to Italy in a private plane.

The priest, Monsignor Nunzio Scarano of Salerno, had already been suspended from his position as a member of the administration that manages the Vatican’s real estate assets (the APSA) about a month ago, as part of a separate money laundering investigation in connection with the probe into the Institute for Works of Religion (IOR), as the Vatican bank is popularly known.

An investigation into Scarano’s bank account at the IOR led to the discovery of the suspected racket.”