Critical need by 8/31:   $10,000 to cover a crippling immediate shortfall.   $6,470 to go.   Please help now!
Click here to advertise on CatholicCulture.org

Vatican official acted illegally as private banker, prosecutors charge

Catholic World News - July 22, 2013

Italian prosecutors charge that Msgr. Nunzio Scarano offered financial services for wealthy friends: “totally private, illegal activity which was also aimed at serving outsiders.”

Msgr. Scarano, who was arrested in June on charges of planning to bring €20 million in cash into Italy illegally, is also under investigation on money-laundering charges. The earlier investigation prompted his suspension from his post at the Administration of the Patrimony of the Apostolic See.

Although Msgr. Scarano was not an official of the Vatican bank, the money-laundering charges involved his manipulation of funds from his account at that institution, the Institute for Religious Works. The Reuters news service obtained a 28-page report from prosecutors on his alleged illegal activities.

A lawyer for Msgr. Scarano denied that prosecutors could prove the charges against him.

Additional sources for this story
Some links will take you to other sites, in a new window.

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!

Our Spring Challenge Grant
Progress toward our Spring Challenge Grant goal ($16,784 to go):
$35,000.00 $18,216.18
48% 52%
Sound Off! CatholicCulture.org supporters weigh in.

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!

There are no comments yet for this item.

Subscribe for free
Shop Amazon
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

Every Aspect of the Catholic Thing 1 hours ago
News Posturing: How the dramatis personae use each other 3 hours ago
The intractable practical problems with the Kasper proposal 5 hours ago
No, the Pope did not endorse a gay-friendly children's book 7 hours ago
Legal pressure does not make sterilization moral August 27

Top Catholic News

Most Important Stories of the Last 30 Days
Pope Francis: welcome with compassion those who have remarried outside the Church CWN - August 5