financial scandal Archives

Rome judge orders arrest of Vatican suspect in London deal

Apr 12, 2021

A Rome judge ordered the arrest Monday of an Italian businessman living in London who is a prime suspect in the Vatican’s two-year investigation into the Holy See’s 350-million-euro ($416 million) investment in a London real estate venture.

By Nicole Winfield

British judge: Vatican made ‘appalling’ claims in UK probe

Mar 26, 2021

A British judge has blasted Vatican prosecutors for making “appalling” misrepresentations to the court about their investigation into the Holy See’s investment in a London real estate deal, determining they don’t have much of a case against their key suspect.

By Nicole Winfield

Lay Catholics in India accuse bishop, priests of financial misconduct

Mar 4, 2021

A group of lay faithful in southwestern India is accusing the local diocese of financial mismanagement and unethical practices.

By Nirmala Carvalho

Pope’s move for women’s rights anything but a token gesture

Feb 6, 2021

Friday’s appointment of Catia Summaria as Promoter of Justice for the Vatican’s Court of Appeals is not mere tokenism, as the Vatican’s criminal justice system is becoming progressively more significant in the Pope Francis era.

By John L. Allen Jr.

Australian police find no crime in Vatican money transfers

Feb 3, 2021

Australian police said Wednesday they found no evidence of criminal misconduct in money transfers from the Vatican that a financial agency mistakenly inflated by almost $1.8 billion and fueled corruption speculation.

By Associated Press

Cyprus Orthodox Church to restore historic homes amid outcry

Feb 3, 2021

The head of Cyprus’ Orthodox Church on Wednesday pledged to rebuild a row of historic homes that were partially demolished next to an under-construction cathedral amid a public outcry over what government officials described as an “unlawful” action.

By Menelaos Hadjicostis

Former Vatican bank president sentenced for embezzlement

Jan 21, 2021

A former president of the Vatican bank and his lawyer were found guilty of money laundering and embezzling millions of euros from property sales.

By Junno Arocho Esteves

Australian agency admits serious error in reporting Vatican bank transfers

Jan 13, 2021

Australia’s financial crime watchdog agency said it over-estimated by the equivalent of more than US$1.5 billion the amount of money transferred from the Vatican to Australia between 2014 and 2020.

By Cindy Wooden