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Vatican Bank’s Ex-Chief Indicted Over $60 Million in Embezzlement Losses [The New York Times]

NEW YORK TIMES (NYT)  More Company Research Source: The New York Times
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PDF By REUTERS MARCH 3, 2018 Photo The Institute for the Works of Religion at the Vatican said that three people engaged in “unlawful conduct” from 2001 to 2008 that led to millions of dollars in losses. One of the suspects is now deceased. Credit Gabriel Bouys/Agence France-Presse — Getty Images A former president of the Vatican bank has been ordered to stand trial on charges of embezzlement and money laundering, the Vatican has said, making him the highest-ranking Holy See financial official to be indicted on charges tying him to losses of more than $61 million from real estate sales. A statement by the bank, officially known as the Institute for Works of Religion, said Angelo Caloia, 78, who was president of the I.O.R. from 1999 to 2009, was indicted on Friday, along with his lawyer Gabriele Liuzzo, 94. A third person who was under investigation, the former I.O.R. director general Lelio Scaletti, died several years a [Read more]

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