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Former Vatican bank chief's home searched

Gotti Tedeschi not under investigation, probe not related to IOR

05 June, 10:55
Former Vatican bank chief's home searched (ANSA) - Rome, June 5 - The home of the former President of the Vatican bank Ettore Gotti Tedeschi was searched by police on Tuesday.

Gotti Tedeschi is not under investigation and the search has nothing to do with his work at the Vatican bank, which is officially called the Institute for Works of Religion (IOR), ANSA sources said.

The search was conducted as part of an investigation into alleged corruption at Italian defence and aerospace giant Finmeccanica. Gotti Tedeschi resigned from the IOR last month after its board passed a vote of no-confidence in him in a controversial move that hit newspaper headlines worldwide.