Arrested monsignor alleges Vatican Bank corruption

Nunzio Scarano details illicit accounting practices

The monsignor arrested in June over an alleged plot to smuggle Ä20 million into Rome from Switzerland has alleged that the Vatican department he worked for has long been involved in shady financial practices. Formerly an accountant with Administration of the Patrimony of the Holy See (APSA), Msgr Nunzio Scaranoís testimony to investigators involved in his case has now surfaced in the Italian media, detailing how members of APSA allegedly ran a ìparallel bankî for wealthy individuals who bribed them to allow for investments which would result in tax avoidance by those individuals.

APSA is the Vatican department that manages its assets, such as physical properties and financial investments.