Nearly a year after revelations of financial fraud involving the Vatican Bank, and months after a German lawyer [7] was picked to become the new head of the bank that is collateralized by the full faith and credit of Catholicism, the scandal is back following news tha a cleric, a spook and a banker were arrested as part of the ongoing Italian investigation into the troubled bank.
From Reuters:
A Vatican cleric, a member of Italy's secret services and financial broker were arrested on Friday as part of an Italian investigation into the Vatican bank, a police source said.
The source from Italy's Financial Police said the three were suspected of corruption and fraud. There was no indication of their identity or nationality. The source gave no further details pending a news conference later on Friday.
A Vatican spokesman was not immediately available for comment.
The arrests came a day after the Vatican announced that Pope Francis had set up a commission of inquiry into the Vatican bank, which is formally known as the Institute for Works of Religion (IOR) and has been hit by a number of scandals in the past decades.
Ironically, since it is fiath that is in short supply within the encumbered global fractional reserve banking system, one would think the one place where the money religion would be safe is at the Vatican Bank. And yet...
Now back to reality copycatting the latest James Bond movie.