Mafia cops target Vatican bank
November 27, 2009 by The Boss · Leave a Comment
Anti mafia cops are asking the Pope to authorise access for police to see secret accounts in the Vatican’s private offshore bank as part of money laundering investigations, it emerged today.
The Church’s Institute for Religious Works accepts accounts from priests, Vatican city residents and worshippers who agree to donate part of their money to the Church.
Because of a special agreement with the Italian state, the bank gives high interest and transfers profits back to high street banks in Italy.
Now prosecutors are seeking access to the accounts as part of an investigation into organised crime money laundering, reports La Stampa newspaper.
According to police more than 60 million GBP has passed through just three targeted accounts within a year.
Bank president Ettore Gotti Tedeschi said he is co-operating with the investigation.
Source: austriantimes
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