Monday, June 4, 2012

Cardinal Bertone – Looting the Vatican Bank – Institute for Religious Works

Bertone - Benedict's Secretary of Embezzlement?

Nothing quite like taking money intended for charity and church causes and “investing” it in your crony friend’s shady business.

Next, Bertone allegedly ordered the head of the Vatican bank to bid for Milan's bankrupt San Raffaele hospital, founded by Don Luigi Verze, a confidant of former prime minister Silvio Berlusconi who enjoyed close ties to the Italian secret services. Wiretaps reveal he may have been linked to an alleged arson attack on a business rival.

By the time the Vatican bank chief, Ettore Gotti Tedeschi, checked the hospital's books, the senior accountant had killed himself, debts of €1.5bn were reported and a fraud inquiry was under way. Fearing what he would uncover, the Vatican banker refused to invest.

Lost in the news last week of the butler's arrest was the announcement that Gotti Tedeschi had been ousted by the board of the Vatican bank, a move seen by many as Bertone's revenge for his disobedience. Ironically, before he defied Bertone, Gotti Tedeschi had been among the cardinal's key appointments, one of many that reportedly rankled the Vatican's career staff of bureaucrats and diplomats.


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