The Vatican Financial Information Authority says suspicious financial activity in the Vatican has decreased for the second year in a row. The Authority says efforts to help the Vatican comply with international norms for fighting money laundering and terrorist financing are paying off. A report which the Authority released last Friday says 150 suspicious financial Read more
The former president of the Vatican children’s hospital has been convicted of abuse of office for diverting money from the hospital to pay for renovations to Cardinal Tarcisio Bertone’s apartment. Bertone is the Vatican’s former secretary of state. A Vatican court has convicted the former president of the Pope’s children’s hospital of diverting about NZ$676,000 Read more
The latest scandal emerging from the Vatican’s Bambino de Jesu corruption trial has come from Italian contractor Gianantonio Bandera. He told the Vatican tribunal that arrangements for remodeling Cardinal Tarcisio Bertone’s Vatican apartment were made by Bertone himself. Bertone was the person who contacted his firm about the renovations, Bandera said. Both Bertone and Bandera have Read more
Spending hospital donations to renovate a cardinal’s apartment is defensible, says the former president of the Vatican’s children’s hospital. Giuseppe Profiti and the former treasurer of Bambino Gesu pediatric hospital have been charged with embezzlement and are on trial in the Vatican’s criminal court. They are accused of diverting 422,000 euros from the hospital foundation Read more
The Vatican fraud trial involving Giuseppe Profiti, former president of the foundation governing Bambino Gesù children’s hospital and Massimo Spina, the foundation’s former treasurer is underway. The court is currently hearing conflicting reports about Cardinal Tarcisio Bertone’s role in the fraud investigation. Bertone is the former Secretary of State under Pope Emeritus Benedict XVI. Read Read more
Vatican prosecutors have charged the former president and the ex-treasurer of Vatican-owned Bambino Gesu Pediatric Hospital with diverting money from the hospital’s fundraising foundation. This is the first time the Vatican has publically announced a prosecution using measures introduced in 2009 to fight money-laundering and financial crime. The two accused, Giuseppe Profiti and Massimo Spina, Read more
The Vatican has launched an investigation into the funding of the restoration of Cardinal Tarcisio Bertone’s apartment while he was Vatican secretary of state. Greg Burke, assistant director of the Vatican press office, said two executives from Rome’s Bambino Gesu Children’s Hospital – former chairman Giuseppe Profiti and former treasurer Massimo Spina – are being Read more
The Vatican bank has written off US$20 million that was invested in an Italian television company at the behest of Cardinal Tarcisio Bertone. Two years ago, the Vatican’s then-Secretary of State, Cardinal Bertone, ordered the investment in Lux Vide SpA, for “evangelisation”. The company makes family movies, including films about popes and a series about Read more
Former Vatican secretary of state Cardinal Tarcisio Bertone is reportedly being investigated over handling of funds from Vatican accounts. According to German tabloid Bild Zeitung, approval was given for 15 million euros to be transferred from the Vatican bank to an Italian television production company, later identified as Lux Vide. The company is owned by Read more
Former Vatican Secretary of State Cardinal Tarcisio Bertone has defended himself against accusations he is living in a luxury apartment in the Vatican. On April 20, Italian daily La Repubblica reported that the cardinal was moving into a lavish 6500 square foot apartment in the Vatican’s San Carlo Palace. This was while Pope Francis was Read more