God’s Banker, Pt.3: The Machine, the Letters and the Clock | PODCAST

On a single day, the Vatican Bank signed two letters. One told the world the money was good. The other, in secret, said the exact opposite. This is Part Three of our special investigation into Banco Ambrosiano — the episode where we open up the machine.

In this episode of The Veritas Brief from Veritas Europaea, we walk down through the offshore structure that made the fraud possible: a Luxembourg holding company, banks in Switzerland, the Bahamas and Peru, and ten empty shell companies in Panama and Nicaragua that let a bank secretly buy its own stock.

We watch two honest Italian regulators get destroyed for daring to inspect it. And we count down Roberto Calvi’s final year — the conviction he somehow survived, the reformer who lasted just 61 days, and the moment the whole structure began to run out of road.