Vatican bank chief, deputy quit posts

AFP-JIJI

The director and deputy director of the Vatican bank have resigned amid a sweeping probe of the scandal-hit institution, the Vatican said Monday.

Paolo Cipriani and Massimo Tulli handed in their resignations “in the best interest of the institute and the Holy See,” the Vatican said in a statement, three days after a senior Catholic cleric who held accounts at the bank was arrested in Italy for alleged corruption.

The shock resignation came amid a probe into the Institute for Works of Religion, as the bank is known, carried out under the scrutiny of Pope Francis himself.