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  Vatican Defends Seizure of $30 Million from Bank

By Rachel Donadio
New York Times
September 23, 2010

http://www.nytimes.com/glogin?URI=http://www.nytimes.com/2010/09/24/world/europe/24vatican.html&OQ=_rQ3D1Q26partnerQ3DrssQ26emcQ3Drss&OP=48352f36Q2FQ26r0wQ26RcAy9ccsZQ26ZQ5EQ5DQ5EQ26Q5EQ7DQ26Z-Q26rc94RQ260J9cB0Q26Z-ubs5Ab1Q606sQ3F4

ROME — As an inquiry into its murky finances looked poised to widen, the Vatican swiftly went on the defensive on Thursday, saying that the seizure of $30 million from a Vatican bank account and the judicial investigation of the bank’s two top officials were the result of a “misunderstanding.”

On Tuesday, Italian officials announced an inquiry into the Vatican bank’s top officials for having failed to explain adequately the origins of $30 million transferred from one of its accounts in a Rome bank. Magistrates opened the investigation based on an alert from the Bank of Italy, the nation’s central bank.

The authorities here said they had seized the $30 million “preventatively” but have not pressed charges against the Vatican bank’s chairman, Ettore Gotti Tedeschi, or its director general, Paolo Cipriani.

 
 

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