Director of Vatican bank resigns amid fears it was used as an offshore tax haven

  • Paolo Cipriani and his deputy Massimo Tulli both stepped down yesterday
  • Vatican said move was ‘in the best interest of the institute and the Holy See’
  • Comes after monsignor Nunzio Scarano and two others have been arrested
  • They’re accused of plotting to smuggle 20million from a Swiss bank to Italy


The director of the embattled Vatican bank and his deputy have resigned over a financial scandalwhich has already landed one monsignor in prison.

Paolo Cipriani and his deputy, Massimo Tulli, stepped down ‘in the best interest of the institute and the Holy See’, The Vatican has said. 

The speed with which they resigned, however, indicated that the decision was not entirely theirs.


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