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Men held over Vatican Bank 'three trillion euro bond fraud'
Italian police have arrested two men who were allegedly trying to deposit trillions of euros in fake bonds in the Vatican bank. Officials say the pair, an American and a Dutch national, claimed they had an appointment with bank officials to gain entry but were handed over to police. Fake bonds with a face value of 3tr euros ($4.1tr; £2.5tr) were found in their briefcase, the officials say. The suspects were reportedly hoping to open a line of credit at the bank. The bank - officially called the Institute for the Works of Religion - runs thousands of private accounts held by cardinals, bishops and religious orders ... (full story)
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