Saturday, August 13, 2011

Government officials tight-lipped on bank scandal investigation

via:The Tribune

Published On:Tuesday, August 09, 2011

GOVERNMENT officials remain tightlipped over why the Bahamas government has failed to co-operate with a longstanding, multi-million dollar bank scandal investigation.

Since tracing several hundred million of missing funds to accounts in the Bahamas in 2005, sources claim that local authorities have ignored official requests for assistance - the most recent of which was sent in 2008...The tale of murder, Mafia plots, international money laundering schemes, and clandestine Masonic sects, placed the Bahamas branch of the bank, Banco Ambrosiano Overseas Limited, at the very centre of the scandal.

According to the press in Italy and the UK, Italian prosecutors are looking for funds allegedly squirreled away by former bank chairman Roberto Calvi, known as "God's banker" because the Vatican Bank was the largest shareholder. more: