Nunzio scarano biography of mahatma

The allegations arose last year, leading Vatican authorities to suspend Msgr. Scarano from his job in early June , and to freeze his funds on July 9.

A Vatican investigation of the monsignor resulted in an page dossier about his activities. Scarano was arrested on June 28, on other allegations of corruption. He had the cooperation of an Italian secret service agent and a financial broker. The priest is currently under house arrest. He and his alleged conspirators in the money smuggling have been on trial in Rome since December.

Biography of mahatma gandhi

The Vatican bank has been undergoing reforms to encourage transparency and compliance with international financial standards to combat money laundering. Vatican financial reform was begun in , when the Holy See signed a monetary agreement with the European Union, and issued an anti-money laundering law the following year.

Scarano was arrested by the Italian police on June 28, along with Giovanni Maria Zito, an Italian secret service agent, and Giovanni Carenzio, a financial broker, just days after Pope Francis created a commission of inquiry into the Institute's activities and legal status. The Institute has been working since May at revamping its structure and procedures, and recently hired Antonio Montaresi as its Chief Risk and Compliance Officer.

Nunzio scarano biography of mahatma gandhi

Lombardi underscored a recent statement by the bank's president, Ernst von Freyberg, who said, "the IOR is systematically identifying and will have zero tolerance for any activity, whether conducted by laity or clergy, that is illegal or outside the Statutes of the Institute. Your monthly donation will help our team continue reporting the truth, with fairness, integrity, and fidelity to Jesus Christ and his Church.

The bank, described by Forbes as "the most secret bank in the world", has been plagued by scandals, including allegations of money-laundering, for years. It was the majority shareholder in the Banco Ambrosiano, an Italian bank which collapsed in with huge losses. His death was initially treated as suicide but the suspicion is that he was murdered, possibly by Mafia mobsters chasing money owed to them.

Nunzio scarano biography of mahatma

Pope Francis has made reforming the bank one of the priorities of the first few months of his pontificate. Earlier this month he appointed a trusted prelate, Msgr Battista Mario Salvatore Ricca, to effectively be his eyes and ears inside the bank, with the task of overseeing its management. Francis, who was elected in March after Pope Benedict XVI's shock retirement, has frequently criticised the excesses of capitalism.

He has called for a "poor Church" and said recently that "St Peter did not have a bank account".