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In The News
   
 
 

 

News Alert - In The News

 
Comment from Understand the Times:
 
The Roman Catholic Church is soon to announce the collapse of "Protestantism" which has already collapsed years ago. Rome claims to be the only true church. Their dirty laundry is not that good either as many have already seen. Maybe the church should follow Jesus instead of men from now on.
 
September 21 - Vatican bank chief investigated over money laundering claims
 
Article: Roman Catholic Church And The Last Days  

The head of the Vatican bank has formally been placed under investigation in an inquiry into a suspected violation of Italy's money-laundering laws, judicial sources said today.

At the same time, a judge in Rome ordered a freeze on 23m (19.5m) held in an account opened by the Vatican bank, the Institute for the Works of Religion (IOR), at another financial institution in the Italian capital. It was thought to be the first time such action had been authorized against the IOR in Italy.

The sources said that last Wednesday, on the eve of Pope Benedict's departure for Britain, a unit of the Italian revenue guard alerted prosecutors to an anomaly in an account owned by the IOR at the Rome branch of Credito Artigiano, which has close historic ties to the Catholic church.

The Vatican has a long history of withholding co-operation from Italian investigators seeking access to its bank's books. The IOR was involved in a major scandal in 1982 arising from the fraudulent bankruptcy of Banco Ambrosiano, then Italy's largest private bank

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