18 June 1982: God’s banker, Roberto Calvi, is found dead beneath Blackfriars Bridge
On this day in 1982, the body of Robert Calvi, known as God's banker, was found hanging beneath Blackfriars Bridge – a mystery that has endured to this day.
The discovery of the body of Roberto Calvi dangling from scaffolding beneath Blackfriars Bridge by a passer-by on the morning of 18 June 1982 had all the hallmarks of a Hollywood thriller.
Nicknamed God's banker', Calvi was the chairman of Italian bank Banco Ambrosiano, in which the Vatican bank was a major shareholder. But the bank had been engaged in some very unholy activities, and by 1982, it was on the verge of collapse. The bank was £800m in the red, and owed money to the Sicilian mafia among others.
Calvi was "a brilliant financier", The Independent wrote in 2005. "And though shy and socially gauche, he combined a lightening accountant's brain with recklessness in a very Italian fashion".
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
It was while in custody for illegal foreign currency dealings that Calvi tried to kill himself by slashing his wrists and taking an overdose. But he lived to be released on appeal, and on 11 June, a week before his death, he fled to London, taking with him a briefcase stuffed with incriminating documents.
Clearly not wanting to be found, he shaved off his moustache and checked into a nondescript £40-a-night hotel in Chelsea. Meanwhile, back in Italy, his secretary threw herself from a fourth-floor window. In her suicide note, she blamed Calvi for the bank's demise, and Calvi was relieved of his duties as chairman.
The next day, Roberto Calvi was found dead. Bricks from a nearby building site had been stuffed into his clothes, but apart from that, nothing else suggested anything other than suicide. He still wore his luxury Patek Philippe watch and was carrying around £10,000 in various currencies.
The first London inquest into his death returned a verdict of suicide. The second returned an open verdict, raising a number of eyebrows back in Italy. Calvi's widow and children hired a private investigator, whose findings suggested a Mafia murder.
This conclusion appeared to be confirmed on the 30th anniversary of Calvi's death in 2012, when a suspect, Francesco Frankie the Strangler' Di Carlo, although denying his involvement, claimed he had been contacted to make the hit'. The case continues.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
Chris Carter spent three glorious years reading English literature on the beautiful Welsh coast at Aberystwyth University. Graduating in 2005, he left for the University of York to specialise in Renaissance literature for his MA, before returning to his native Twickenham, in southwest London. He joined a Richmond-based recruitment company, where he worked with several clients, including the Queen’s bank, Coutts, as well as the super luxury, Dorchester-owned Coworth Park country house hotel, near Ascot in Berkshire.
Then, in 2011, Chris joined MoneyWeek. Initially working as part of the website production team, Chris soon rose to the lofty heights of wealth editor, overseeing MoneyWeek’s Spending It lifestyle section. Chris travels the globe in pursuit of his work, soaking up the local culture and sampling the very finest in cuisine, hotels and resorts for the magazine’s discerning readership. He also enjoys writing his fortnightly page on collectables, delving into the fascinating world of auctions and art, classic cars, coins, watches, wine and whisky investing.
You can follow Chris on Instagram.
-
Water companies blocked from using customer money to pay “undeserved” bonuses
The regulator has blocked three water companies from using billpayer money to pay £1.5 million in exec bonuses
By Katie Williams Published
-
Will the Bitcoin price hit $100,000?
With Bitcoin prices trading just below $100,000, we explore whether the cryptocurrency can hit the milestone.
By Dan McEvoy Published