Two Top Vatican Bank Officials Resign Amid Growing Scandal
The director of the Vatican bank, known as the Institute for Religious Works (IOR), and his deputy have resigned amid a growing financial scandal. Last week, a Vatican accountant, Monsignor Nunzio Scarano, was arrested while allegedly attempting to smuggle $26 million into Italy without claiming it to customs officials. According to a wiretapping investigation, Scarano had regular contact with the bank’s director and deputy director to receive approval to move massive amounts of cash.
The bank has longed been plagued with scandals and shady financial dealings—including the disappearance of more than $1 billion worth of loans in 1982, and a money-laundering scheme in which more than $30 million was seized by Italian police in 2010. Recently, Pope Francis formed a commission to investigate the IOR’s dealings to make sure they were in line with the Church’s mission …
Recommended For You
- > Being a Christian Doesn’t Always Look Like You Think It Should
- > ISIS' New Enemy: A Terrifying Dutch Biker Gang
- > An Artist Is Inserting Mr. Bean into Famous Paintings For Some Reason
- > 15 Things to Start Doing By the Time You’re 30
- > Shia LaBeouf On Becoming a Christian: 'It's a Real Thing That Really Saved Me.'
- > The Internet Is Loving Odell Beckham's Amazing Catch
- > Superhero-Loving Girl Is Not Impressed with Store’s Ad about ‘Gifts for Boys’
- > NFL Star Gets Emotional After Scoring Touchdown for Daughter Born Hours Before
- > Report: Secretary of Defense Chuck Hagel Has Been Asked to Resign
- > Apple Launches New RED Campaign to Raise Money for AIDS/HIV Victims