Vatican Bank
VATICAN BANK
THE CITIZEN, 4/12/84, reported: “The Vatican Bank, which owned part of Ambrosiano, has come under scrutiny since Ambrosiano, Italy’s largest private banking group, collapsed in 1982. Italian officials probing the tangled affairs of the group have said that the Vatican Bank was partially responsible for Ambrosiano debts. The Vatican has denied moral or financial responsibility but has agreed to pay a large sum toward Ambrosiano’s debts.”
In 1986, Italy issued a warrant for the arrest of Bishop Marcinkus because of alleged illegalities in the Bishop’s handling of the Vatican Bank. The warrant was later withdrawn when it was discovered that the Italian government cannot legally try high Vatican officials.