Sacked Vatican Bank Head’s Lawyers Threaten Lawsuit Over ‘Unfair’ Dismissal

International Business Times

By Jerin Mathew March 29, 2014

The lawyers for Ettore Gotti Tedeschi, the former head of the Vatican bank who has been sacked after receiving a unanimous vote of no-confidence from his board, has threatened to sue the bank over his “unfair” dismissal.

Gotti Tedeschi was ousted by its lay board in the wake of the “Vatileaks” scandal, in which former Pope Benedict’s butler leaked the Vatican’s secret papers to the media.

While voting to fire him, the board claimed Gotti Tedeschi was an ineffective and divisive manager.

Gotti Tedeschi said he was ousted because he wanted to bring more transparency to the bank’s dealings – an issue that embarrassed the bank for decades.

Gotti Tedeschi had been under investigation over alleged money laundering, but the case against him was shelved after a court ruling, which said he had nothing to do with the day to day operations of the bank and was working to bring it in line with international anti-money-laundering standards.

Gotti Tedeschi’s lawyers said in a five-page statement entitled “The Rehabilitation of Ettore Gotti Tedeschi” the judgment proved he was a capable manager who acted in the best interests of the bank and encouraged him to take legal action to clear his name.

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