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...circumstances of Calvi's demise are only one of the unsolved mysteries in the Ambrosiano scandal. Among the others...

Author: /time Magazine | Title: Italy: The Great Vatican Bank Mystery | 9/13/1982 | See Source »

...What, if any, was the extent of church officials' knowledge of P2? Lodge Grand Master Licio Gelli, who has gone into hiding, was a business associate of Calvi's. Sindona claims that Gelli had long championed the practice of funding opponents of Communism in order to help the cause of Catholicism, and that Calvi was the paymaster for Gelli's activities...

Author: /time Magazine | Title: Italy: The Great Vatican Bank Mystery | 9/13/1982 | See Source »

...still insists that he was framed in the Franklin affair by powerful Italian state banking interests who would not produce documents that would clear him, he readily admits to being deeply involved in the events that led to the downfall of Banco Ambrosiano and its late president, Roberto Calvi. In a mild, authoritative voice that occasionally erupted into impassioned Italian, Sindona spoke at length with TIME Correspondent Jonathan Beaty, sometimes disputing versions of the story that have emerged thus far and offering revealing glimpses of its protagonists. Some of the statements of Sindona, a convicted felon, are at odds with...

Author: /time Magazine | Title: A Forcibly Retired Moneyman | 9/13/1982 | See Source »

Sindona contends that he first met Calvi, then a junior executive with Banco Ambrosiano, around 1967. The two agreed that Calvi would act as inside man in a plan to gain eventual control over the bank and make it international...

Author: /time Magazine | Title: A Forcibly Retired Moneyman | 9/13/1982 | See Source »

Says Sindona: "Our goal was to buy control in Banco Ambrosiano." Sindona says that he first introduced Calvi to Archbishop Paul Marcinkus in 1971, the year the priest became president of the Vatican bank. Sindona strongly denies that he paid Calvi and Marcinkus a $6.5 million commission as part of a business deal in the early 1970s, as has been widely reported. Says Sindona: "I did give $6.5 million to Calvi, much more than that, but that was to buy shares of Ambrosiano and other stocks. None went to Marcinkus unless Calvi gave it to him." Sindona insists that Marcinkus...

Author: /time Magazine | Title: A Forcibly Retired Moneyman | 9/13/1982 | See Source »

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