BishopAccountability.org
	Under-Fire Vatican Bank Says It Has Nothing to Hide AFP September 29, 2010 http://www.google.com/hostednews/afp/article/ALeqM5jjkFAlinrdOytDkhWTo-I2bHmnoA?docId=CNG.2f6d2f189001e51bb038ab8658c80eda.3d1 ROME — Vatican bank president Ettore Gotti Tedeschi, under investigation as part of a money laundering probe, said Tuesday that the institution had "nothing to hide". "We have nothing to hide and we are hiding nothing," Gotti Tedeschi said during the launch of a book about the decline of the post-war Italian economy. Gotti Tedeschi refused to answer questions from journalists, but said he had attended the book launch to show the bank's "desire for absolute transparency". Chief executive Paolo Cipriani is also under investigation, and both he and Gotti Tedeschi will face the first phase of questioning on Thursday, judicial sources said. Gotti Tedeschi has been accused of violating laws put in place in 2007 that have tightened rules on disclosure of financial operations to the Italian central bank in a bid to stamp out money laundering. The investigation was launched after the financial intelligence office at the Bank of Italy noticed two operations by the bank that it deemed suspicious. The first was a transfer of 20 million euros to JP Morgan Frankfurt, while the other was a three-million-euro transfer to Italian bank, Banca del Fucino, according to Italian media.
Any original material on these pages is copyright © BishopAccountability.org 2004. Reproduce freely with attribution.