The Holy and Great Monastery of Vatopedi (Greek: Βατοπέδι, pronounced [vatoˈpeði]) on Mount Athos, Greece, was built during the second half of the 10th century by three monks, Athanasius, Nicholas, and Antonius, from Adrianople, who were disciples of Athanasius the Athonite.
From then onwards, several buildings have been constructed, most of them were built during the Byzantine period and during the 18th and 19th centuries when the monastery reached its highest peak. More than 120 monks live in the monastery today, where extensive construction projects are underway to restore the larger buildings.
Two large Sketes (monastic style communities) are attached to Vatopedi: the Skete of Saint Andrew in Karyes and the Skete of Saint Demetrius near the main monastery. Other smaller sketes are also attached to the monastery.
The Monastery of Vatopedi holds the Cincture of the Theotokos, a belt held by some believers to be the actual belt of the Theotokos, which she wore on earth and gave to Thomas the Apostle after her death and during her transition to heaven (the equivalent in the Western Church is the Girdle of Thomas). The silver and jewel-encrusted reliquary containing the skull of St. John Chrysostom is kept in the Monastery and is credited by Eastern Orthodox Christians with miraculous healings. The monastery also contains the Iaspis, a chalice fashioned of a single piece of the precious stone jasper, and numerous icons.
The library holds 2,000 manuscripts and 35,000 printed books. Among manuscripts from Vatopedi are Uncial 063, Uncial 0102, and the Vatopedi Psalter in the British Library and the early-14th century Codex Vatopedinus 655 divided between the British Library and the French Bibliothèque Nationale, which includes numerous peripluses, extracts from Strabo and Ptolemy's geographical works, and early maps.
In September 2008, the monastery was implicated in an alleged real estate scandal. The monastery is being accused of trading low-value land for high-value state property in a deal with the New Democracy government of Prime Minister Kostas Karamanlis. The cost to the state is believed to have been at least €100 million.
The financial writer Michael Lewis reports that a Greek parliamentary commission estimated the value of government property received by the monastery at one billion euros. Michael Lewis, in his book Boomerang: Travels in the New Third World, visits the monastery, details the frugal, hard-working lifestyle of the monks and investigates the real estate deal which would have helped in efforts to restore Vatopedi to its former glory.
After the story became public in August 2008, the government cancelled the land deals and two ministers resigned, under huge pressure from the media and public. Additionally, Parliament voted unanimously to set up a commission to investigate the deal. However, after investigations, the estimations of the public agencies for the exchanged real estate objects were found to have been in order.
In December 2010 a Court of Appeals found guilty and imposed a ten-month imprisonment (with three years suspension) to ex-judge Maria Psaltis on charges of misconduct and violations of judicial secrecy. The same penalty was issued to Abbot Ephraim and monk Arsenios on instigation. As of December 2011, 3 years after the reveal of the alleged scandal, none of the two different investigating parliamentary commissions and various trials had found any of the persons involved guilty of illegal money transactions or real estate fraud. Then, in late December 2011, the Abbot Ephraim was arrested, and jailed pending trial, for alleged fraud and embezzlement.
On January 11, 2012, the Criminal Division of the Supreme Court accepted the proposal of the Deputy Prosecutor of the Supreme Court Law Mr. Tsangas: it set aside the decision under which Psaltis, Ephraim, and Arsenios had each been sentenced to 10-month imprisonment (with three years suspended). The Supreme Court considered that the contested decision of the Court of Appeals had no legal justification and presented logical gaps, inconsistencies, and shortcomings. Moreover, the Supreme Court ruling that any disclosure of the outcome of the conference only a court is no longer a criminal offense [sic], which means that the three defendants will be treated under more favorable conditions when judged again by the court.
In October 2013 it was reported that fourteen persons, including Abbot Efrem and monk Arsenios were indicted on several counts including money laundering related to the Land Deal Controversy, which has been referred to as the "holy exchange"
There are seven icons of the Mother of God in the monastery purported by believers to be miracle-working: Elaiovrytissa, Ktetorissa (Vimatarissa), Esphagmeni, Pantanassa, Pyrovolitheisa, Antiphonitria and Paramythia.