Posts Tagged ‘APSA’

Vatican investment office reports €32 million profit for 2022

Monday, August 21st, 2023

The Vatican investment office made 32.27 million euros (NZ$59 million) in profit in 2022 and contributed the entire amount to the Vatican’s operating budget, said Bishop Nunzio Galantino, president of the Administration of the Patrimony of the Holy See. The profit was close to 6 million euros less than what the investments earned in 2021, Read more

Vatican property office submits to outside audit

Friday, October 18th, 2013

Four months after one of its accountants was arrested for alleged involvement in a multi-million cash smuggling scheme, the Vatican property office has said it will submit its operations to outside financial review. The move by the Administration of the Patrimony of the Holy See, an office of the Vatican’s central bureaucracy, may represent the Read more

Arrested prelate tells magistrates of secret accounts in Vatican

Friday, September 20th, 2013

A prelate, who was earlier arrested for allegedly laundering Vatican money, told a magistrate that the Vatican department in charge of paying salaries and managing real estate acted improperly as a parallel bank. Monsignor Nunzio Scarano, 61, who is under investigation, said the Administration of the Patrimony of the Apostolic See, known as APSA, allowed Read more