Vatican bank directors who resigned on July 1 could face criminal charges

Two former officials of the Vatican bank, who resigned 2 weeks ago, could face criminal charges for violating Italy’s banking laws.

Paolo Cipriani, who had been director of the Institute for Religious Works (IOR) since 2007, and his longtime deputy Massimo Tulli, allegedly failed to provide adequate information regarding large bank transfers.

 The two men announced their resignation on July 1 “in the best interests of the Institute and the Holy See.”

The IOR has been under heavy pressure from Italian banking authorities to provide better documentation for financial transfers, as a means of guarding against money-laundering.

An Italian judge is weighing the evidence against Cipriani and Tulli to decide whether they should be charged with any criminal offenses.

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About The Voice Of Bombay's Catholic Laity

Bombay Laity Ezekiel’s Chapter 3 Task as Watchman 17 “Son of man, I have made you a watchman for the people of Israel; so hear the word I speak and give them warning from me. 18 When I say to a wicked person, ‘You will surely die,’ and you do not warn them or speak out to dissuade them from their evil ways in order to save their life, that wicked person will die for[b] their sin, and I will hold you accountable for their blood. 19 But if you do warn the wicked person and they do not turn from their wickedness or from their evil ways, they will die for their sin; but you will have saved yourself.
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2 Responses to Vatican bank directors who resigned on July 1 could face criminal charges

  1. Lets get the truth in the open. It seems there is a lot of alleged financial corruption in the administration of the catholic church, from top to bottom.

  2. Jack Daniels says:

    Ivan Card Dias was a big fan of this Vatican Bank! where were all those funds goin to?

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