Word: ambrosiano
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Marcinkus, who also heads the Vatican bank, remains under a cloud because of the bank's dealings with scandal-ridden Banco Ambrosiano. John Paul also made a major change in removing himself as direct ruler of the Vatican City government in order to stress his role as Catholicism's spiritual leader. The new administrator: Secretary of State Agostino Cardinal Casaroli, who is second only to the Pope in the Vatican hierarchy...
When the body of Italian Financier Roberto Calvi was found dangling under London's Blackfriars Bridge last June, the coroner's court ruled that he had committed suicide. Yet doubts have Lingered about the grisly end of the onetime president of financially troubled Banco Ambrosiano, who was known as "God's banker" because of his extensive financial dealings with the Vatican. Seven days before his corpse was discovered, Calvi had fled Rome to avoid investigation into illegal dealings and possible imprisonment. He apparently told relatives that he would "name the names" of people involved in the scam...
Shortly before Antonov was arrested, Pope John Paul moved to help clear up another Vatican-related mystery. After the death last June of Milan Banker Roberto Calvi, there were revelations about curious connections between Calvi's Banco Ambrosiano and the Istituto per le Opere de Religione (I.O.R.), better known as the Vatican bank. In a papal letter, John Paul last week indicated that the Holy See would be ending its dependence on investment and speculation for its funds and would rely instead on "the spontaneous contributions of the faithful and of other men of good will...
Your article "The Great Vatican Bank Mystery" [Sept. 13] was a cheap shot. Banco Ambrosiano, with small I.O.R. holdings, can hardly be called a Vatican anything. Roberto Calvi was probably guilty only of greed and poor judgement. Italy's leaders, who are anticlerical, should not be allowed to divert attention from their economic bungling to the thin Vatican connection. Banco Ambrosiano is just another example of the weakness of the world banking system...
With an Italian prison term awaiting him, Calvi fled to London. There he apparently hanged himself last June, although many Italians believe he was murdered. An attorney general of a Swiss canton has since discovered that close to $100 million of Banco Ambrosiano's money had been stashed in numbered Geneva accounts. And Licio Gelli knew the numbers...