Word: banco
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...claims had learned he would be replaced and who was upset that John Paul was allegedly considering loosening the church's prohibition on artificial birth control; Archbishop Paul Marcinkus, head of the Vatican Bank, who is said to have been scheduled for immediate removal; Roberto Calvi, president of Banco Ambrosiano, who faced ruin if his trickery with Vatican funds was discovered; Michele Sindona, the Sicilian banker who knew about the Vatican Bank's alleged laundering of Mafia money; Licio Gelli, grand master of P2, which is supposed to have boasted some 100 Vatican members; and last...
When it collapsed in 1982, Milan's Banco Ambrosiano left behind a $1.3 billion missing-funds scandal and a stigma on the Roman Catholic Church...
...Holy See was linked to Banco Ambrosiano through the Institute for Religious Works, the agency that conducts financial affairs for the Vatican. The Institute owns several companies that had received loans from Banco Ambrosiano that were part of the missing $1.3 billion...
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...