Posts Tagged ‘Luxembourg’

Suspect arrested in €61 million Caritas fraud investigation

Monday, July 29th, 2024

A suspect has been apprehended in an investigation into the misappropriation of €61 million from Luxembourg charity Caritas, the public prosecutor’s office said on Monday. The prosecutor’s office had first announced on Friday that it had launched a probe into the alleged theft from the NGO by a member of staff. A person has since Read more

Pope nixes Vatican Bank Luxembourg investment fund plan

Tuesday, May 26th, 2015

The Pope has rejected a proposal that the Vatican Bank has a variable share capital investment fund based in Luxembourg. The proposal had the approval of the Institute for the Works of Religion’s board and was put forward by its president. Having this type of investment fund would have helped IOR managers manage a portion Read more