BREAKING NEWS
3.8 quake strikes off Canterbury coast ... More soon
Close

Vatican bank's 'technical error'

NICOLE WINFIELD
Last updated 08:00 31/01/2014

Relevant offers

World

Apple still trying to break into TV but faces plenty of roadblocks Harry Triguboff replaces Gina Rinehart as Australia's richest person Bland budget a stable platform for Wellington business growth Man finds $131m in his account, 'it happens sometimes' says bank Wall Street may have finally decided that a US rate rise is good news Temptation grows to use drugs to stay awake in the workplace The bizarre downfall of New York's vegan poster girl Tori Johnson's final texts released in Lindt cafe siege inquest Weta Workshop adds new smaller models to profitable collectibles business What you need to know about the next recession (starring Donald Trump)

The Associated Press has learned that Vatican bank told dozens of widows and pensioners to close their accounts or risk losing access to their money, then back-tracked and said it was all a "technical error."

The embarrassment comes as the institution is trying to fend off accusations of mismanagement and corruption.

"In some cases old ladies got nasty letters," Max Hohenberg, spokesman for the Institute for Religious Works told The AP.

Bank President Ernst Von Freyberg penned a terse letter to clients telling them to their money out because they no longer fit the criteria of account-holders set by the board. Somehow former Vatican employees and their widows got caught up in the sweep, apparently because of the way their accounts were classified by the bank internally.

Ad Feedback

- AP

Special offers

Featured Promotions

Sponsored Content