Word: calvi
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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...
...that high military and security officials whose names were found on the rolls were forced to resign; so was Prime Minister Arnaldo Forlani, though he was not a P2 member. Gelli's name was also linked to the collapse of Milan's Banco Ambrosiano, whose president, Roberto Calvi, was not only a member of P2, but was believed to be the lodge's paymaser, allegedly funding right-wing Latin leaders who were friends of Gelli...
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...
...bank's affairs? "John Paul is not a financial man," says Sindona. "The people around him were afraid of Marcinkus' power." Sindona claims that Ambrosiano paid the I.O.R. some $20 million in fees and interest in 1981 alone. Sindona was critical of his carefully chosen colleague. Calvi, says Sindona, "had no interests, only money and power. He was no good at choosing other people. If counts or barons went to him, he was immediately impressed. Calvi was known for paying a lot of money in Italy. He was too generous. He paid enormous fees and commissions, always commissions...
Sindona also discussed his involvement with Calvi and other members of the Italian Masonic Lodge P2 in sending Banco Ambrosiano money to Latin America to support right-wing political causes. "Calvi financed newspapers for ideological reasons in Buenos Aires and Montevideo...