Police raid Vatican bank boss' home

2012-06-05 19:11

Rome - Italian police raided the home and office of the former head of the Vatican bank on Tuesday as part of an inquiry into alleged corruption at aerospace and defence giant Finmeccanica, Italian media reported.

Investigators were trying to determine Ettore Gotti Tedeschi's knowledge of Finmeccanica operations because of his friendship with the company's current chief executive Giuseppe Orsi, ANSA news agency said, citing prosecutors.

Gotti Tedeschi is not officially under investigation and neither is the Vatican bank, which is the subject of a separate money laundering inquiry.

The reports said that police had raided the veteran banker's home in Piacenza in northern Italy and one of his offices in Milan.

La Repubblica said the raids ordered by the Naples prosecutor's office were "aimed at clarifying suspected instances of international corruption" including bribes allegedly paid by Finmeccanica to win international contracts.

Gotti Tedeschi was sacked last month from his post as the head of the Vatican bank, officially known as the Institute for Religious Works (IOR), following a clash with the Vatican Secretary of State Tarcisio Bertone.

Finmeccanica has been hit by a series of corruption investigations since 2010 which forced out its former chief executive Pier Francesco Guarguaglini.

  • goyougoodthing - 2012-06-05 21:05

    About time

  • AnthonyfromAfrica - 2012-06-06 05:09

    The vatican can teach the drug cartels in South America, a lesson or two in money laundering. The vatican is the Head Quarters of one of the most criminal organisations in the world. correction; THE most criminal!!!!

  • almeleh - 2012-06-06 10:59

    Time for another Godfather movie.

  • Burgert Adriaan Potgieter - 2013-10-01 20:15

    Now the Rotten eggs will be removed.

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