Word: calvi
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...scandal began to unfold in May, when a special audit at the Banco Ambrosiano uncovered $1.4 billion in questionable loans that had been made to paper corporations based in Panama. The companies, it appears, were controlled by Roberto Calvi, the bank's president...
...Calvi was known in Rome as "God's banker" because of his close ties to the Vatican Bank. But in financial circles, his reputation was a little less heavenly. A year ago, he was sentenced to four years in prison and fined $11.7 million for exporting $26.4 million to Switzerland in violation of Italian currency laws; he appealed the conviction. Moreover, his name had been connected with the P2 Lodge, a clandestine Masonic group that was suspected of plotting to undermine the Italian government...
Just after the Banco Ambrosiano audit was completed last month, Calvi fled to England. Several days later, his body was found suspended by a rope from Blackfriars Bridge over the Thames River. In the pockets of his expensive gray suit was $20,000 in foreign currencies. Italians quickly noted the symbolism of the location: members of the P2 Lodge dress in black and call one another friar...
DIED. Roberto Calvi, 62, scandal-plagued president of Milan's Banco Ambrosiano, Italy's largest privately owned bank, in whose subsidiaries a shortfall of $1.4 billion was discovered; of strangulation; in London. Calvi, who started 37 years ago as a clerk and went on to become one of Italy's leading financial operators, was nicknamed "God's Banker" because of the Vatican's substantial dealings with the Banco Ambrosiano. At the time of his death, he was appealing a four-year sentence for illicitly exporting $26.4 million in violation of Italian currency laws...
...Wall! As the studio audience chanted "to the wall," the announcer asked viewers to telephone immediately if they recognized any criminals among the men. One woman rushed forward to identify Prisoner RamÓn Calviño as a Batista torturer (he was, with 15 murders on his record, acknowledged the exiles), asked to be on the firing squad that executes him. A few brave men defied their inquisitors. Carlos Varona, 21, the son of Exile Leader Antonio Varona, and a paratrooper in the rebel army, coolly asked his jeering captors: "If you have so many people on your side...