Vatican Bank Money Laundering Probe Nets Ettore Gotti Tedeschi's 23 Million

Wiki Peers
September 21, 2010

Ettore Gotti Tedeschi could have been the bad omen at the Vatican bank when he was put on police watch over possible money laundering.

Today police seized over €23 Million from an account owned by Ettore Gotti Tedeschi. Gotti is under investigation for money laundering pending a court case.

The Italian police who are investigating Gotti seized the Vatican Bank account owned by Ettore Gotti Tedeschi after €23 Million was found to be deposited in it.The Italian police have not named anyone in the saga which leaves the vatical extremely scandalized.

Recently, The Catholic church has tried to appease followers after cases of rape and abuse were exposed in Belgium.

Fraud and money laundering allegations at Vatican Bank is worse, for it will point the Catholic church as fraudulent and led by criminals, words that will not go down well with followers.

The account was at Credito Artigiano SpA was confisticated or rather freezed. The account belonged to the Institute for Works Religion as the VATICAN Bank is referred to.

The Vatican Bank officials have not issued a comment so far, neither has the Bank Chairman Ettore Gotti Tedeschi.

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