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Vatican bank accused of laundering
Published: 23 January, 2010, 09:19
Edited: 06 July, 2010, 02:47
TAGS: Crime, Religion, Europe, Law, Mass media, Finance
The Vatican is facing some awkward questions after an investigation was launched into its alleged involvement in a money-laundering scheme.
The financial scandal was triggered by a report in an Italian magazine that claimed the Vatican bank laundered some $200 million.
The alleged secrets of the Vatican have often provided rich material for fictional works, such as blockbuster film Angels and Demons, but the Holy See now has to deal with a case equally shrouded in mystery.
The Vatican Bank has been accused of laundering $200 million through the accounts of Italy’s UniCredit Bank, one of the world's largest financial institutions.
The London Telegraph recently reported that the Vatican Bank is the eighth most popular destination for laundered money, ahead of the Bahamas, Switzerland and Liechtenstein. The reason for this is that you cannot trace any movement of cash within the bank.
“I had the privilege to walk inside this bank. It’s nothing like a bank,” shared lawyer Massimiliano Gabrieli. “If you go there you deposit or withdraw money without limit, without any kind of receipt for the bank and for the client. All you have is a single card with a number.”
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What about the other banks that created not only money landring, but blood laundering: wars, wapons trade, drugs trade and enpoverishment of hudred of millions of peoples as not billions! That't official State parteneriat wiht Banks and that's OK !!?? Yes I see ! Which Bank is honest ! Would you be so kind to let me know !
Financial and sexual scandals have been disgusting the Italians for centuries, thanks to the complicity of the politicians, who hope to be helped by the Vatican during the electoral campaigns. The Italians know that, but nothing will never change, because in our Country politicians, priests and mafia are closely tied by a overhelming corrupption.
I had a dream to make my company, nevertheless I didn't earn enough amount of cash to do this. Thank goodness my friend suggested to take the personal loans. Thence I took the credit loan and made real my dream.