Tag Archives | Vatican Bank

The Invisible Histories, Pt. I – Devil Thou Art Ambiguous

SatanasAntichrist[We tend to view History as a linear line of events, one leading inexorably to the next but History like the present, is composed of a myriad of interlocking discreet moments.  These first few entries of the Invisible Histories will examine those historical forces which have currently manifested in the form of a Catholic Pope crusading through the America’s against the Animist and Pentecostal religious faiths which have emerged here.  Also cocaine, there will be lots of cocaine.  No names have been changed to protect the innocent because from a historical perspective no one is innocent.]

This will be complicated.

First we have to go all the way back to the Second World War and to Italy because that’s when the Vatican created its slush fund.  I am not really sure how else to describe ‘the Institute for the Works of Religion’, definitely not the word ‘bank’ however.   In the recent sort of confusing and not often talked about  Vatican banking scandal, ‘banking’ gets mentioned a lot and rightly so since it involves a lot of banks but the actual arm of the Vatican which has been caught in this dirty business is not in fact the Vatican’s bank.  That by necessity falls under Papal mandate and is the Roman Curio known as ‘the Patrimony of the Apostolic See’ which manages the Vatican’s International property and currency holdings.  Bored yet?  It gets weirder.… Read the rest

Continue Reading

Secret Papers, The Occult, Freemasonry In Pope’s Butler’s Trial

Reuters has some tantalizing tidbits from the start of the criminal trial of the pope’s former butler. The whole affair, concerning the leaking of the pope’s secret papers revealing deep-seeded corruption at the Vatican Bank and other internal scandal, is confirming some of the conspiracy theories pertaining to the Catholic Church:

Pope Benedict’s former butler stole highly sensitive papers the pontiff had marked “to be destroyed” and compromised Vatican security through his actions, the Holy See’s police told his trial on Wednesday.

On the third day of Paolo Gabriele’s trial, testimony depicted a man fascinated by the occult, Masonic lodges, secret services and past Italian and Vatican scandals.

“You can understand our unease when we saw these documents. This was a total violation of the privacy of the papal family,” said police agent Stefano De Santis, one of the four agents who said they found the papers in Gabriele’s home, using a Vatican term for the pope’s closest aides.

Read the rest
Continue Reading

The Shady Past of the Vatican Bank

As scandal surrounding the Vatican Bank grows and grows, Der Spiegel looks back at the its recent history of extreme sketchiness:

Whereas Benedict XVI and his predecessors have preached humility and ethical financial dealings from the window overlooking St. Peter’s Square, his confidants working directly beneath the papal windows have continued to pursue shady financial transactions.

The Vatican has yet to divulge the business practices its bank has been using for decades. “There is fear that, owing to the transparency necessary today, one will find something in the past that one doesn’t want to,” says Marco Politi, a Rome-based Vatican expert.

Such things could include a complex system of ghost accounts and shell companies like the bank had when Archbishop Paul Casimir Marcinkus was its head in the 1980s. At the time, the bank did business involving foreign currency and weapons with the Milanese banker Robert Calvi and the mafia financier Michele Sidona — and helped launder illegal proceeds the mafia earned from drug-trafficking as well as bribes paid to Christian-conservative Italian politicians.

Read the rest
Continue Reading

Vatican Bank Investigated For Money Laundering – Again.

Emblem_of_the_PapacyI wonder which banking official will suddenly die during this investigation? Victor L. Simpson and Nicole Winfield report for AP:

VATICAN CITY – This is no ordinary bank: The ATMs are in Latin. Priests use a private entrance. A life-size portrait of Pope Benedict XVI hangs on the wall.

Nevertheless, the Institute for Religious Works is a bank, and it’s under harsh new scrutiny in a case involving money-laundering allegations that led police to seize euro23 million ($30 million) in Vatican assets in September. Critics say the case shows that the “Vatican Bank” has never shed its penchant for secrecy and scandal.

The Vatican calls the seizure of assets a “misunderstanding” and expresses optimism it will be quickly cleared up. But court documents show that prosecutors say the Vatican Bank deliberately flouted anti-laundering laws “with the aim of hiding the ownership, destination and origin of the capital.” The documents also reveal investigators’ suspicions that clergy may have acted as fronts for corrupt businessmen and Mafia.

Read the rest
Continue Reading

Vatican Bank Under Criminal Investigation

Emblem_of_the_PapacyNot much of surprise really, although the Vatican issued a statement saying, “The Holy See is perplexed and astonished by the initiatives of the Rome prosecutors.” Presumably they mean they can’t believe that the police had the balls to question the Vatican’s dodgy activities! From the BBC:

The head of the Vatican Bank, Ettore Gotti Tedeschi, is under investigation as part of a money-laundering inquiry, police sources say. Prosecutors also seized 23m euros ($30m; £19m) from the bank’s accounts with another smaller institution. The inquiry was launched after two suspicious transactions were reported to tax police in Rome.

The Vatican said it was “perplexed and astonished”, and expressed full confidence in Mr Tedeschi. The Vatican Bank, known officially as the Institute for Religious Works (IOR), was created during World War II to administer accounts held by religious orders, cardinals, bishops and priests.

Police intervention

Rome magistrates are looking into claims that Mr Gotti Tedeschi and the bank’s chief executive Paolo Cipriani violated laws that require banks to disclose information on financial operations.

Read the rest
Continue Reading