Italy Police Obtain Banca Finnat Documents for Vatican Probeby
Italy’s finance police obtained documents from Banca Finnat Euramerica SpA in Rome on Wednesday as part of a Vatican probe into alleged market manipulation and money-laundering, according to a police official familiar with the investigation.
The police were acting at the request of Vatican authorities, said the official, who asked not to be identified because of internal policy. Italian news agency Ansa first reported the news earlier today. A Vatican spokesman had no comment, while a representative of the Rome-based bank didn’t have an immediate comment.
Banca Finnat was little changed at 48.9 euro cents in Milan trading, giving the bank a market value of about 178 million euros ($189 million).