Moon bank taken over

Uruguay's Central Bank said yesterday it was taking over Banco de Credito, which is controlled by Korean Evangelist, Mr Sun Myung…

Uruguay's Central Bank said yesterday it was taking over Banco de Credito, which is controlled by Korean Evangelist, Mr Sun Myung Moon's Unification Church, due to liquidity problems. The bank has 30 branches throughout Uruguay.

Mr Moon's Unification Church has built up a presence in Uruguay and owns a newspaper and land across the River Plate in Argentina.