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Vatican bank scandal

3 years 11 months 3 weeks ago July 01, 2013 Jul 1, 2013 Monday, July 01 2013 July 01, 2013 6:26 PM in News
Source: Associated Press
By: Michael Marsh

ROME- The director of the Vatican bank and his deputy resigned following new developments in a growing scandal where the Pope fears it was used an an offshore tax haven. Paolo Cipriani and his deputy, Massimo Tulli, stepped down "in the interest of the institute and the Holy See", according to the Vatican. Cipriani was under investigation by prosecutors in Rome for alleged violations of Italy's anti-money laundering laws after $30 million was seized from a Vatican account at a bank in Rome. The bank is known as the Institute for Religious Works and is still under the glare of prosecutors and even Pope Francis. 

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