Memo explains reasons for firing of Vatican Bank president
Catholic World News - May 28, 2012
One of Italy’s leading newspapers has published a memorandum listing the reasons why Ettore Gotti Tedeschi was fired from his position as president of the Vatican Bank, formally known as the Institute for Works of Religion (IOR).
The memo, addressed to Tedeschi, was written by Carl Anderson, Supreme Knight of the Knights of Columbus and member of the IOR’s board of superintendence.
The reasons cited for the board’s unanimous decision to remove Tedeschi include a “failure to carry out basic duties,” “abandoning and failing to attend meetings of the Board,” “lack of prudence and accuracy in comments regarding the Institute,” “progressively erratic [personal] behavior,” and “failure to provide any formal explanation for the distribution of documents last known to be in the President’s possession.”
“The image of the Institute was damaged,” Anderson added in remarks quoted byCorriere della Sera. “We were motivated by a desire to promote transparency and revamp the Institute.”
An appeal from our founder, Dr. Jeffrey Mirus:
Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!
Progress toward our July expenses ($8,412 to go):
All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!