Banco Ambrosiano
The Vatican Bank was Banco Ambrosiano's main share-holder. Father Paul Marcinkus, head of the Institute for Religious Works from 1971 to 1989, was indicted in Italy in 1981 as an accessory in the $3.5 billion collapse of Banco Ambrosiano, one of the major post-war financial scandals. Banco Ambrosiano was accused of laundering drug money for the Sicilian Mafia.