Saturday, June 29, 2013

Senior Vatican Cleric Arrested/ Money Laundering Concerns

..."Nunzio Scarano, known as "monsignor" in recognition of his seniority at the Holy See, is accused of fraud and corruption for plotting to illegally fly 20 million euros ($26 million) in cash into Italy from Switzerland.
The 61-year-old was arrested along with a former member of the secret service and a financial broker after an investigation into the Institute for Works of Religion (IOR) -- as the Vatican bank is known -- raised suspicions he was involved in money laundering...."

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