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	Court Rejects Vatican Bid to Unfreeze Funds By Guy Dinmore Financial Times October 20, 2010 http://www.ft.com/cms/s/424f0056-dc4b-11df-a9a4-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F424f0056-dc4b-11df-a9a4-00144feabdc0.html&_i_referer=http%3A%2F%2Fwww.bishop-accountability.org%2FAbuseTracker%2F An Italian court has rejected a bid by the Vatican bank to free ˆ23m of its funds frozen by the Italian judiciary as part of an investigation into a suspected breach of money laundering regulations. Vincenzo Scordamaglia, a lawyer representing the Institute of Religious Works (IOR), as the Vatican bank is formally known, said he had learnt from media reports on Tuesday that the court, the Tribunale del Riesame, had rejected the case he had filed this month. He said he would lodge an appeal once he had received formal notification. In the first case of its kind, the Italian judiciary last month froze ˆ23m held by the Vatican bank in an account in Credito Artigiano, an Italian bank. The Vatican bank’s two top officials – Ettore Gotti Tedeschi and Paolo Cipriani – were placed under investigation for suspected breach of anti-money laundering norms.
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