Posts Tagged ‘Institute for Works of Religion’

Top Vatican bank staff embezzled €50 million

Monday, March 5th, 2018

Accusations of embezzling and laundering €50 million have resulted in a former Vatican bank president and his lawyer being ordered to stand trial. The Vatican says the bank’s former president, Angelo Caloia, is the highest-ranking Holy See financial official to be indicted on such charges. Seventy-eight year-old Coloia, along with his lawyer, 94 year-old Gabriele Liuzzo, Read more

Cardinal Pell challenges the Italians

Friday, December 12th, 2014

A choir of voices has begun lauding Cardinal George Pell for cleaning up the Vatican’s money management operations. And the strongest notes in this hymn of praise come from the basso profondo of the Australian cardinal himself. The 73-year-old Pell, who is officially the prefect of the Vatican’s recently created Secretariat for the Economy, gave Read more

Vatican Bank launches website to boost transparency

Friday, August 2nd, 2013

The Vatican bank has launched a website in the wake of a series of scandals and criticism for alleged lack of transparency. Vatican Radio quoted bank president Ernst von Freyberg that the site will provide information “on our reforms and the things we do in the world and how we support the Church and its Read more