Reports: Prosecutors wrap up probe of Vatican bank

AP News
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Posted: Jul 02, 2013 11:52 AM
Reports: Prosecutors wrap up probe of Vatican bank

ROME (AP) — Italian news reports say prosecutors have wrapped up their money-laundering investigation into the Vatican bank and are focusing on the institute's two recently resigned managers.

Paolo Cipriani and Massimo Tulli stepped down late Monday from the Institute for Religious Works.

Cipriani was placed under investigation in 2010 for alleged violations of Italy's anti-money laundering laws along with the bank's then-president, Ettore Gotti Tedeschi, stemming from a routine transaction involving an IOR account at an Italian bank. Italian financial police also seized the 23 million euros ($30 million).

Italian news agency LaPresse said Tuesday that prosecutors were expected to exonerate Gotti Tedeschi, since he didn't handle day-to-day bank operations. But, according to LaPresse, prosecutors said they would likely seek indictments for Cipriani and Tulli.

The Vatican has denied wrongdoing.