Unanimous vote ousts Vatican bank chief
The president of the Vatican bank has effectively been ousted after receiving a unanimous vote of no-confidence from bank overseers for having leaked documents and failed to do his job at a critical time in the Holy See’s efforts to show financial transparency, officials said.
Ettore Gotti Tedeschi has been a polarizing figure since he was named president of the bank, known as the Institute for Religious Works, or IOR, in 2009. He is under investigation for alleged money laundering by Italian magistrates, but the investigation isn’t believed to have factored into the decision since the Vatican considers the probe to be motivated by outside political interests.
