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Italian court will not re-open murder case of Italian banker Calvi

May 07, 2010

An Italian appeals court has turned down a prosecutor's effort to revive murder charges in the case of Roberto Calvi, the banker who died in London under mysterious circumstances in 1982.

Calvi-- who was known as "God's banker" because of his ties to the Vatican-- was found hanging under Blackfriar's Bridge in London. Originally classified as a suicide, the death was viewed with growing suspicion, because Calvi's complex financial schemes had resulted in heavy financial losses for the Mafia. Italian prosecutors have sought to try Mafia leaders for Calvi's death, but evidently have not furnished enough evidence to persuade the courts that the inquiry should be re-opened.

Calvi was the head of the Banco Ambrosiano, which went bankrupt in 1982. The Vatican Bank, a leading shareholder in Banco Ambrosiano, eventually paid $224 million to the bank's creditors. A substantial portion of the funds lost in the financial collapse have never been accounted for.


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