Police Seize $30 Million From Vatican Bank

from National Public Radio

Italian police seized $30 million from the Vatican's bank -- known as the Institute for Works of Religion -- as part of a money laundering probe. The bank's top officials also are under investigation for failing to tell authorities where the money in one of the bank's accounts came from. The Vatican said it was "perplexed" and "surprised" by the investigation.

Broadcast Dates

• Morning Edition, September 22, 2010