Director of Vatican Bank chooses silence over profanity following his resignation

VATICAN CITY
Vatican Insider

Following yesterday’s resignation from the IOR, Ettore Gotti Tedeschi said he did not wish to make any comment lest he upset the Pope. His resignation comes after three years of service and the accumulation of a number of enemies

Andrea Tornielli
Vatican City

“I prefer not to speak, as all I would do is curse. Bear with me.” “I am still torn between a yearning to explain the truth and my concern for upsetting the Holy Father with these explanations. My love for the Pope prevails over every other sentiment, even the defence of my own reputation which is infamously being questioned.”

The mistrust that led to Ettore Gotti Tedeschi’s resignation from his post as President of the IOR, after less that three years in office, came as a shock but the banker had been considering the possibility for months. Gotti Tedeschi had decided to collaborate directly with Roman magistrates after they began an inquiry into money movements being made in certain IOR accounts by Italian and German banks. This marked the beginning of the misunderstandings between him and the Institute’s director general, Paolo Cipriani. At the time, Gotti Tedeschi who having been placed under investigation by public prosecutors received the public support of Benedict XVI who greeted him and his wife after one of his Angelus prayer in Castel Gandolfo. “We need to act as examples,” the Pope had reiterated. The new president, chosen by the Secretary of State Tarcisio Bertone, had continued the process towards renewal and a greater transparency which had already begun, closing dormant current accounts that were registered under names of figureheads.

One of the people Gotti Tedeschi was at loggerheads with, was Marco Simeon, the current director of RAI Vaticano, one of the offices of Italy’s largest television company RAI, who is linked to wheeler-dealer, Luigi Bisignani. Last summer, the IOR was involved in the rescue operation to salvage Milan’s Saint Rafael hospital, called for by Cardinal Bertone and supported by a number of Milanese businessmen and politicians. Gotti Tedeschi was initially in favour of the operation but then changed his mind, considering it a risky venture. This led to fall outs with Giuseppe Profiti, manager of Rome’s Bambino Gesù hospital and Bertone’s number one man in the field of healthcare. Meanwhile, Gotti Tedeschi’s relations with the Cardinal Secretary of State had also begun to cool, although they had improved recently.

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