Two top Vatican bank managers resign

The Director General and deputy director of the bank resigned.

Two top Vatican bank managers resign

Two senior staff of the Vatican bank, officially known as the Institute for Works of Religion (IOR), have resigned.

A statement released from the Vatican said Director General Paolo Cipriani and Deputy Director Massimo Tulli resigned for the interest of the bank and the Papacy. It added that until new appointments were made, a German solicitor, Ernst von Freyberg, would act as the bank director.

The IOR was being criticized by UN institutions for not providing enough financial transparency.

Two top resignations from the IOR drew great attentions as the news came recently after the Vatican was rocked by the Friday's arrest of a senior cleric with close connections to the bank who is accused of plotting to smuggle 20 million euros into Italy from Switzerland.

The IOR was established back in 1942 with a Papacy decree.


Güncelleme Tarihi: 02 Temmuz 2013, 13:46