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A Vatican cleric has been arrested as part of an Italian investigation into the Vatican bank.

Monsignor Nunzio Scarano, worked as an accountant in the Vatican’s financial administration.

Mr Scarano was suspended from his duties several weeks ago when he was placed under investigation by magistrates in the southern city of Salerno, his home town.In that investigation, Scarano was accused of taking some 600,000 euros ($780,200) in cash out of an account in the Vatican bank a little at a time, usually 10,000 euros, and giving it to friends who gave him checks.

Vatican Bank

His arrest comes after Pope Francis set up a special commission to review the activities of the scandal-plagued Vatican bank to ensure that it operated in “harmony” with the mission of the Catholic Church, the Vatican said today

The appointment of the five-member panel is the boldest move yet by Francis to get to grips with a bank that embarrassed the church for decades.The panel includes four prelates and a female Harvard professor.