Italy jury acquits all defendants in Calvi murder trial

[JURIST] An Italian jury acquitted all five defendants accused of murdering banker Roberto Calvi [BBC profile] Wednesday after almost two days of deliberation. Italian prosecutors have not yet decided whether to appeal the acquittal. Calvi, who was found hung under London's Blackfriars Bridge in June 1982, was known as "God's Banker" for his financial ties to the Vatican.

Calvi's death, which was initially ruled a suicide [BBC report] but later ruled to be homicide [BBC report] following the exhumation of his body in 2002, followed the collapse of the Banco Ambrosiano after the disappearance of $1.3 billion in loans issued in reliance on letters of credit from the Vatican. The Vatican subsequently paid Banco Ambrosiano's creditors $250 million, although it denied wrongdoing. AP has more.



 

About Paper Chase

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible format.

© Copyright JURIST Legal News and Research Services, Inc., 2013.