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Trial requested for ex-Vatican Bank executives

Case against former chief Gotti Tedeschi dropped

28 March, 17:34
Trial requested for ex-Vatican Bank executives (ANSA) - Rome, March 28 - Rome prosecutors on Friday requested that the former general manager of the Vatican Bank, Paolo Cipriani, be sent to trial for allegedly breaking Italy's laws against money laundering. They also requested Cipriani's former deputy, Massimo Tulli, be indicted. The case is related to a probe that in 2010 led to the freezing of 23 million euros over two cash transfers involving the bank that were deemed suspicious.

Earlier on Friday a Rome judge upheld a request from prosecutors for a probe into the former head of the Vatican Bank, Ettore Gotti Tedeschi, over the same case to be shelved.

Gotti Tedeschi resigned from the bank in May 2012 following a no-confidence vote by the supervisory board, amid reported disagreements on efforts to get the Vatican on the white list of financially transparent countries.

The trial requests are fresh blows to the image of the bank, whose official name is the Institute for Works of Religion (IOR), after a series of scandals over the years. The Vatican has made several reforms to introduce greater financial transparency and fight money laundering since Pope Francis was elected to the helm of the Catholic Church last year.