Vatican makes series of denials in 'Vatileaks' and IOR cases
'No cardinal under investigation' says Lombardi28 May, 16:43
A day before Gabriele was named a suspect, Ettore Gotti Tedeschi stepped down as president of the Vatican Bank, officially called the Institute for Religious Works (IOR), following a no-confidence vote by the board of directors. "The two issues must be kept separate," said Lombardi, adding that the two issues are being "confused" because they happened one day apart. Vatican experts said Gotti Tedeschi's split with the bank was likely linked to internal tensions regarding the Vatican's efforts to secure inclusion on the international 'white list' of countries which are considered to have acceptable financial transparency laws, unlike tax havens.
Once a close adviser to former Italian economy minister Giulio Tremonti, Gotti Tedeschi was named president of the Vatican bank in 2009, shortly before Rome prosecutors froze 23 million euros from the bank in two cash transfers deemed suspicious under Italy's money-laundering laws.
On September 21, 2010 Gotti Tedeschi and IOR Director-General Paolo Cipriani were placed under investigation.
"We asked to be questioned, everything was done according to the rules," said Gotti Tedeschi, then suspected along with Cipriani of failure to observe Italian money-laundering rules.
Prosecutors unfroze the money last June citing a new Vatican law as one of the motives for releasing the funds.