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Vatican May Expand Probe into Bank Corruption

Writer's picture: OurStudioOurStudio

The Vatican has suffered another setback as it tries to shed a reputation for murky financial dealings.

Vatican officials said an investigation into suspicious transactions at the Vatican bank could be widened to include "additional individuals" after they froze the funds of a senior cleric arrested last month on suspicion of trying to smuggle cash.

Nunzio Scarano, a priest who worked as a financial analyst for the Vatican, was arrested along with a financial broker and a former secret service police officer. Rome's prosecutor says the trio had tried to smuggle tens of millions of euros across Europe using a private plane in July 2012.

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