A Vatican official has been arrested by Italian police for allegedly trying to illegally bring 20 million euros ($26 million) in cash into the country from Switzerland with a private jet. Hit the jump for more details.

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Prosecutor Nello Rossi says Monsignor Nunzio Scarano is accused of corruption and slander stemming from the plot and was being held at a Rome prison.

He was allegedly asked by friends to bring back the money that had been given to financier Giovanni Carenzio in Switzerland. Scarano is supposed to have asked Giovanni Zito, a military official, to bring the money back by jet, avoiding customs.

Scarano was allegedly due to pay Zito a commission of 600,000 euros for the work. He paid only an initial installment of 400,000 euros before being arrested

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via Yahoo