Vatican Bank Chief Dismissed Amidst Money Laundering Investigation

The director of the Vatican Bank, Ettore Gotti Tedeschi, has been removed from his post for dereliction of duty, the Vatican says.

The bank’s board of directors unanimously passed a no-confidence vote in Mr Gotti Tedeschi, a statement said. It said he had failed “to carry out duties of primary importance”, but it did not elaborate. In 2010, Italian police launched an investigation against Mr Gotti Tedeschi as part of a money-laundering inquiry. Members of the board believed Mr Gotti Tedeschi’s dismissal was needed to “maintain the vitality of the bank”, the Vatican statement said.

The moves comes as Moneyval, the Council of Europe body tasked with counteracting money laundering, prepares to rule at the beginning of July on whether the Vatican meets international standards on financial transactions. Memos leaked earlier this year suggest there are serious differences among Vatican officials over how far to go in ensuring financial transparency, according to media reports.


The Vatican Bank, known officially as the Institute for Religious Works (IOR), was created during World War II to administer accounts held by religious orders, cardinals, bishops and priests. It lost £250m in a scandal involving the collapse of one of Italy’s biggest private banks – the Banco Ambrosiano – in 1982, with which it had close ties. The Vatican Bank has been headed by Mr Gotti Tedeschi, 62, a trained economist, since 2009.

When Mr Gotti Tedeschi was placed under investigation in 2010, the Vatican said it was “perplexed and astonished”, and expressed full confidence in Mr Tedeschi. It said the matter was the result of a misunderstanding, and that none of its employees were involved in any wrongdoing.

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Source: BBC News

Image: Catholic Herald

Unwed Mothers ‘Duped’ to Give Up Babies for Adoption

From Australia to Spain, Ireland to America, and as recent as 1987, young mothers say they were “coerced”, “manipulated”, and “duped” into handing over their babies for adoption. These women say sometimes their parents forged consent documents, but more often they say these forced adoptions were coordinated by the people their families trusted most…priests, nuns, social workers, nurses or doctors.

Last month, a Dan Rather Reports producer and crew were in Canberra, Australia as Parliament released the findings of an 18-month-long investigation revealing illegal and unethical tactics used to convince young, unmarried mothers to surrender their babies to adoptive homes from the late 1940s to the 1980s.

In some cases, mothers in Australia were drugged and forced to sign papers relinquishing custody. In others, women were told their children had died. Single mothers also did not have access to the financial support given to widows or abandoned wives, and many were told by doctors, nurses, and social workers that they were unfit to raise a child.


Two weeks ago, a prominent Canadian law firm announced that it would file a class-action lawsuit against Quebec’s Catholic Church accusing the Church of kidnapping, fraud and coercion to force unwed mothers to give up their children for adoption.

Since October, Dan Rather Reports has contacted nearly 100 alleged victims, social workers, researchers, lawyers and authors from around the world to shine a bright light on the issue of forced adoptions. We have interviewed numerous women in the U.S. who told us that they were sent to maternity homes, denied contact with their families and friends, forced to endure labor with purposely painful procedures  and return home without their babies.  Single, American mothers were also denied financial support and told that their children would be better off without them.

Source: Yahoo News

Image: Bangkok Post