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Catholic cleric arrested in Vatican Bank fraud probe

Catholic cleric arrested in Vatican Bank fraud probe
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A senior Catholic cleric has been arrested as part of a probe into corruption and fraud at the Vatican Bank.
Monsignor Nunzio Scarano, employed in the Vatican’s financial administration, is accused of trying to move 20 million euros from Switzerland to Italy illegally.

A secret service officer and a financial broker have also been arrested.

His lawyer, Silverio Sica, says Scarano was not a poor man: “Father Nunzio had personal money as he had worked for the Vatican Bank for more than 22 years and before being a priest he worked for Deutsche Bank. But a large part of his money, as he told me, came from donations.”

The investigation follows the announcement that Pope Francis has set up a commission of inquiry into the running of the bank, one of the world’s most secretive, after years of accusations of money laundering.