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Vatican: Senior priest arrested in bank fraud case

June 29, 2013

How did all that money get into my account? It’s a miracle…!

A senior Catholic cleric has been arrested on suspicion of fraud and corruption in connection with a sweeping inquiry into the scandal-plagued Vatican bank, Italian media reported.

Nunzio Scarano was arrested after an investigation into the Institute for Works of Religion (IOR), as the bank is known, unearthed a suspected international fraud scheme, reports said…

The senior cleric was suspended from his position as a member of the administration that manages the Vatican’s assets (the APSA) “about a month ago, after his superiors learnt about an investigation into his activities,” Vatican spokesman Federico Lombardi said.



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