Director of Vatican Bank resigns under pressure

[hedgehog]

Source: National Catholic Reporter

VATICAN CITY -- In an unprecedented move, the board of the Vatican Bank on Thursday forced its president, Ettore Gotti Tedeschi, to resign.
According to a Vatican statement, the bank's supervisory council unanimously passed a no-confidence motion in Gotti Tedeschi for his "failure to fulfill various primary functions of his office." Carl A. Anderson, the supreme knight of the U.S.-based Knights of Columbus, is one of the council's four members.
The Vatican's chief spokesman, Jesuit Fr. Federico Lombardi, declined to give more details on the reasons for the dismissal, but analysts say the move should be read in the context of an internal Vatican struggle over controversial new rules for financial transparency.
Since 2010, Gotti Tedeschi, together with the bank's director general, Paolo Cipriani, has been under investigation for alleged money laundering.
In the past, the Vatican Bank, which operates under the protection of the Vatican's status as a sovereign nation, has been often accused of involvement in shady financial operations, such as money laundering for Italian politicians and even mafia bosses.

Read more: http://ncronline.org/news/vatican/director-vatican-bank-resigns-under-pressure

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From Wiki:

Carl Albert Anderson, KSG (born February 27, 1951) is the thirteenth and current Supreme Knight of the Knights of Columbus. Anderson is vice president of the Washington session of the Pontifical John Paul II Institute for Studies on Marriage and Family.

In addition, Anderson serves as a member of the Board of Trustees of The Catholic University of America, the Basilica of the National Shrine of the Immaculate Conception, the National Catholic Educational Association as well as the supervisory council of the Vatican Bank. He also holds a seat on the International Board of Advisors of the Wheelchair Foundation.

During the administration of Ronald Reagan, Anderson served in various positions of the Executive Office of the President of the United States, including special assistant to the President and acting director of the White House Office of Public Liaison. Following his service at the White House, Anderson served for nearly a decade as a member of the U.S. Commission on Civil Rights. From 1976-81 he was a legislative assistant to Senator Jesse Helms.

http://en.wikipedia.org/wiki/Carl_A._Anderson




The plot thickens!

[hedgehog]

1. Holy shit! More here:

So far, Gotti Tedeschi has not commented at any length, although one news agency quoted him as saying that he's torn between a desire to "explain the truth" and a desire not "disturb the pope" with further polemics.

In coming days I’ll file a report sorting through these accounts. We should get a sense fairly soon of how outside experts are reacting to the shake-up, since European regulators evaluating the Vatican’s efforts to comply with international anti-money laundering standards are due to render a preliminary judgment in July.
Various Vatican officials have insisted that Gotti Tedeschi’s removal does not signal any retreat from efforts at satisfying international standards of transparency.
According to the most commonly cited figures, the Institute for the Works of Religion has roughly 33,000 clients, most of them clergy and religious orders. The majority is located in Europe, though some 3,000 are in Africa and South America. All told, the value of its holdings, known as its “patrimony,” is estimated at roughly $6.5 billion.






http://ncronline.org/blogs/ncr-today/all-hell-breaks-loose-holy-see

[tawadi]

9. I hope he will "explain the truth"

This should be interesting.

[monmouth]

2. Allow the nuns to run the Vatican Bank. Problem(s) solved...n/t

[hedgehog]

3. Can't have that - they're liable to give away all the money!

On edit - the bulk of the money is from religious orders in Europe? My speculation is that we're talking about the holdings of orders that have shrunk considerably in recent years.

[monmouth]

4. Oh you're right. Feeding the hungry, clothing the poor..Bad Nuns...n/t

[yellowcanine]

8. Less money for fancy dresses and hats for the Bishops and Cardinals

and high end apartments. Might have to stay in the dormitories with the lesser folk.

[lostnote12]

6. Kinda like allowing Nurses' to run Healthcare/does not compute....j/k

[SunSeeker]

5. The Vatican sits on a mountain of gold, answerable to no one.

Gee what could go wrong?

[stonecutter357]

11. Gee what could go wrong

children get raped.

[lostnote12]

7. I wonder if he's worried about swinging under the London bridge?....n/m

[Raster]

10. Hmmmm, do tell......

Roberto Calvi (13 April 1920–17 June 1982) was an Italian banker dubbed "God's Banker" by the press because of his close association with the Holy See. A native of Milan, Calvi was Chairman of Banco Ambrosiano, which collapsed in one of modern Italy's biggest political scandals. A source of enduring controversy, his death in London in June 1982 was ruled a murder after two coroner's inquests and an independent investigation. In Rome, in June 2007, five people were acquitted of the murder.

Claims have been made that factors in Calvi's death were the Vatican Bank, Banco Ambrosiano's main shareholder; the Mafia, which may have used Banco Ambrosiano for money laundering; and the Propaganda Due or P2 clandestine Masonic Lodge.

[lostnote12]

12. ...thanks for the post...nice reminder...btw...love the quote...

[stonecutter357]

13. It was not.

It was not the freemason's.