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Italian authorities seized €23 million ($30.18 million) from a Vatican bank account Tuesday and said they have begun investigating top officials of the Vatican bank in connection with a money laundering probe.
The Vatican said it was "perplexed and surprised" by the investigation.
Italian financial police seized the money as a precaution and prosecutors placed the Vatican bank's director general and its chairman under investigation for alleged mistakes linked to violations...
The IOR principally manages funds for the Vatican and religious institutions around the world, such as charity organisations and religious orders of priests and nuns.
It was involved in a worldwide scandal in 1982 when it was embroiled in the fraudulent bankruptcy of Banco Ambrosiano, then Italy's largest private bank.
The IOR held a small stake in Ambrosiano, whose president Roberto Calvi was found hanged under London's Blackfriars Bridge the same year.
Several investigations failed to determine whether Calvi, known as God's Banker, had been killed or committed suicide.
For those of you who don’t know, a report surfaced on Monday, June 8, on an obscure Vatican-sponsored news website, AsiaNews.it, that Italy’s financial police (Guardia Italiana di Finanza) had “seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland.”
Originally posted by Aquarius1
sure a drop in the bucket of what they really have while their worshippers all over the world starve to death.
The National Technology Transfer Center (NTTC) has entered its 20th year of providing technology transfer services for federal facilities of our nation. Our work has provided clients with technical and market research expertise dedicated to meeting the complex needs of technology transfer organizations, while providing close support focusing on customer service. NTTC is inspired by the technologies developed at our federal R&D institutions, and is proud of our work commercializing and disseminating federal innovation for the betterment of our nation's economy.
I am sure they make more money from the sale of technology. It always amuses me how no one on ATS seems concerned that the Jesuits, the 'military arm' of the church, controls the distribution of new technology...
I guess we prefer to argue about aliens or attack ufologist instead...
Originally posted by burntheships
Its dissenters are silenced, not praised. No expenditure is questioned, no rumor is printed, no secret is revealed."
- John F. Kennedy