Why Are There So Many Defects In India

The kidnapping was ordered by Rome prosecutors
remain blocked 23 million of the IOR

Rome, 12/20/2010
The investigating judge of the court of Rome, Maria Teresa Covatta, dismissed the application submitted by the lawyers of the IOR on the seizure of € 23 million deposited into an account of the Credito Artigiano Spa The seizure was ordered in an investigation on alleged omissions related to anti-money laundering rules by the Vatican bank. The investigation


This investigation, led by the deputy prosecutor in the Red and substitute Stefano Rocco Fava, were investigated, the President of the IOR Ettore Gotti Tedeschi and general manager Paul Cipriani.

The prosecution is based on a game drive signal financial information, that on September 15 last year, had already ordered the suspension for five days, because it deemed suspicious, two transactions initiated by Ior the account opened at the Rome headquarters of the Credito Artigiano.

is handling 20 million for the German credit institution JP Morgan Frankfurt and another three million for the Bank of Fucino. Shall be deposited into the account a total of 28 million €.

The reasons for the release from seizure gip
the device with which the investigating judge the reasons for its decision to release from seizure of € 23 million deposited into an account of the Credito Artigiano Spa is highlighted as not "material changes have occurred under the circumstantial existing by reason of the persistence of what the prosecutor correctly defines 'global confusion' on the accounts of the availability related to IOR. "Such a situation" in fact evidenced by the inability to detect by the custodian - writes Gip - customers Ior beneficiaries of subsidies and grants, which are identified only passes through the same IOR, with no possibility of control and feedback from the Italian authorities. "

For the court also" does not seem changed in the light of the cooperation agreement signed with the Credito Artigiano, dated to the truth even if it is not known when it was actually signed ".

This is a general agreement that still does not seem to introduce new elements with respect to the problems inherent in the methods, indirect, uncertain and no evidence of customer identification Ior.

Already the Review Court had upheld the seizure of 23 million €. Today, the magistrate has expressed an instance of the lawyers of the Vatican Bank in the light of the new agreement between ior and Credito Artigiano.

standards against money laundering
Defenders of the IOR have long been waiting for the Supreme Court fixed their appeal after the court decision of the review, favorable to the prosecution. Even by the board chaired by Claudio Carini , the Vatican bank, ordering by fax at Credito Artigiano to transfer € 20 million to JP Morgan in Frankfurt and 3 others to the Bank of Fucino, was not "standardized criteria transparency and 'traceability' of operations carried out with Italian banks, imposed by the money laundering legislation (Legislative Decree 231 of 2007), with criminal sanctions, to prevent the movement of illicit capital. "" Although requested by the other party transfer - had written the court - the Vatican institution has not communicated to those who (for themselves or for any third party, of which communicate general) intended to perform the two operations, nor the nature and purpose of them. "

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