Cashflight Prelate Gets House Arrest

Gazzetta del Sud
October 29, 2013

http://www.lagazzettadelmezzogiorno.it/english/cash-flight-prelate-gets-house-arrest-no664175/

Rome, October 25 - A Rome court on Friday upheld a request by Msgr Nunzio Scarano, a disgraced Vatican prelate at the centre of a money-laundering scandal, to be released to house arrest. Scarano was arrested in June on suspicion of planning to elude customs with 20 million euros in cash for a family of boat-builders he was friends with.

He has denied charges that he conspired with a former Italian spy and a financial broker to try to secretly repatriate 20 million euros of laundered money from Switzerland to Italy. The court has rejected an appeal for house arrest for Giovanni Maria Zito, an agent in the AISI intelligence agency, and Rome broker Giovanni Carenzio, who were also arrested along with Scarano. Police said Scarano and Zito got a private jet to fly back from Switzerland to Italy 20 million euros in cash for a family who were friends with Scarano. Zito is suspected of getting 400,000 euros for arranging cover for the flight. Scarano has been named in a separate probe into receiving money in Salerno near Naples. The arrests have been linked by the Italian media to past probes into alleged irregularities at the Vatican Bank, IOR.