ITALY
CNBC
NAPLES (Reuters) – Homes belonging to Ettore Gotti Tedeschi, the former head of the Vatican’s bank, were searched by Italian police in connection with a corruption probe into defense technology group Finmeccanica, Naples prosecutors said on Tuesday.
Gotti Tedeschi was ousted from his position at the head of the bank last month after the board passed a motion of no-confidence, accusing him of neglecting his basic management responsibilities.
Acting Naples chief prosecutor Alessandro Pennasilico said on Tuesday the police search was not related to Gotti Tedeschi’s time at the bank and he has not been placed under investigation.
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