VATICAN CITY
Gazzetta del Sud
Vatican City, July 12 – The Vatican on Friday froze two accounts held in the Vatican Bank by a top prelate and former accounting chief arrested in connection with a failed attempt to fly 20 million euros of laundered money back from Switzerland to Italy. A Vatican investigation into suspect transactions at the bank, whose official name is Institute for Religious Works (IOR), may be extended to other persons as well as Msgr Nunzio Scarano, Vatican Spokeman Federico Lombardi said. “The Vatican is determined to pursue a zero-tolerance policy on possible financial irregularities, whether by clertics or lay persons,” Lombardi said, citing a recent statement from IOR’s new head, Ernst von Freyberg. Scarano, who until recently led a key Vatican accounting unit, was refused release to house arrest this week in a probe claiming he conspired with a former Italian spy and a financial broker to try to secretly repatriate the cash, allegedly the fruit of tax evasion by a family close to the prelate.
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