Untraceable cash transfers and a culture of secrecy made the Vatican bank one of the world’s most notorious financial institutions. But Pope Francis’ attempts at reform are meeting ferocious resistance—At 6.30 on the morning of 28 June 2013–just three months into the reign of Pope Francis–officials of the Guardia di Finanza, the Italian law enforcement agency for financial crime, pulled up in front of a rectory in Palidoro, a quiet seaside town west of Rome. When they rang the bell, the cleric who came sleepily to the door was informed that he was under arrest. A few hours later, wearing a well-cut grey suit, Monsignor Nunzio Scarano was shown into a cell in the Regina Coeli, Rome’s most overcrowded prison.”
By Paul Vallely, The Guardian — Click here to read the rest of this story.