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warrant was later withdrawn when it was discovered that the Italian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.

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