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Italian prosecutors search home, office of ousted Vatican bank president

Catholic World News - June 05, 2012

Italian prosecutors have searched the home and offices of Ettore Gotti Tedeschi, the ousted president of the Vatican bank, in a corruption investigation.

The search, conducted by prosecutors in Naples, was not related to the decision by the board of the Institute for Religious Works (IOR) to remove Tedeschi. The prosecutors were looking for evidence of ties between Finmeccanica, a defense-technology group, and a bankers’ organization of which Tedeschi was a member.

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