{"id":57298,"date":"2013-07-02T07:18:50","date_gmt":"2013-07-02T07:18:50","guid":{"rendered":"https:\/\/armbanks.am\/2013\/07\/02\/238819\/"},"modified":"2024-12-15T13:05:41","modified_gmt":"2024-12-15T13:05:41","slug":"vatican-bank-director-and-deputy-resign-amid-scandal","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2013\/07\/02\/57298\/","title":{"rendered":"Vatican bank director and deputy resign amid scandal"},"content":{"rendered":"<p><strong>YEREVAN, July 2.\/ARKA\/.<\/strong> The director and deputy director of the Vatican bank have resigned following the arrest of a senior Italian cleric over corruption and fraud allegations, BBC reported.<\/p>\n<p>Paolo Cipriani and Massimo Tulli offered to step down on Monday &#8220;in the best interest of the institute and the Holy See&#8221;, the Vatican says.<\/p>\n<p>It comes three days after the arrest of Monsignor Nunzio Scarano.<\/p>\n<p>The 61-year-old and two others are suspected of trying to move 20m euros ($26m; \u00a317m) illegally.<br \/>\nMonsignor Scarano, a priest from southern Italy, worked for years as a senior accountant for a Vatican department known as Apsa (the Administration of the Patrimony of the Apostolic See).<br \/>\nHe has been under investigation by Italian police for a series of suspicious transactions involving the recycling through the Vatican bank of a series of cheques described as church donations.<\/p>\n<p>The two other men arrested on 28 July have been named as Giovanni Maria Zito, who is described as an Italian secret service agent, and Giovanni Carenzio, a financial broker.<br \/>\nErnst von Freyberg, the current president of the bank, would serve as its interim director, taking over from Mr Cipriani, a Vatican statement said.<\/p>\n<p>A new position of chief risk officer would also be created to improve compliance with financial regulations.<br \/>\nLast week, Pope Francis set up a commission of inquiry to look into the bank, which has been beset by allegations of money laundering for decades. He had already named a trusted cleric to oversee the way the institution had been managed.<\/p>\n<p>Officially known as the Institute for the Works of Religion (IOR), the bank is one of the world&#8217;s most secretive. It has 114 employees and 5.4bn euros of assets.<\/p>\n<p>The scandal is an embarrassment to the Vatican with Pope Francis campaigning for the Catholic Church to be closer to the people of the developing world.<\/p>\n<p>Some churchmen are even questioning whether the Vatican needs its own bank, BBC Rome correspondent David Willey reports.\u20140-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The director and deputy director of the Vatican bank have resigned following the arrest of a senior Italian cleric over corruption and fraud allegations, BBC reported<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[12177,12694,13446],"class_list":{"0":"post-57298","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-news","8":"tag-director","9":"tag-resign","10":"tag-vatican-bank"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/57298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=57298"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/57298\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=57298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=57298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=57298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}