September 21, 2010 / 10:56 AM / in 8 years

Vatican bank head in money laundering probe-sources

ROME, Sept 21 (Reuters) - The head of the Vatican bank Ettore Gotti Tedeschi has been placed under investigation by Rome magistrates for suspected money-laundering by the bank, judicial sources said on Tuesday. His office and the Vatican spokesman said they had no immediate comment.

The Vatican bank, officially known as the Institute for Religious Works, was last involved in a major scandal in 1982 when it was embroiled in the fraudulent bankruptcy of Banco Ambrosiano, then Italy’s largest private bank. (Reporting by Rome Newsroom and Philip Pullella; editing by James Mackenzie)

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