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Did Cardinal Parolin Personally Violate International Financial Agreements?

Parolin’s statement is likely a lie to cover for Francis, as Parolin is known for staying away from financial affairs.

Cardinal Pietro Parolin, Francis’ Secretary of State, personally asked the Administration of the Patrimony of the Apostolic See (APSA) in 2014 for a €50 million loan to purchase the Catholic hospital IDI in Rome in order to save it from bankruptcy.

Parolin informed CatholicNewsAgency.com (November 20) about this. The IDI had incurred a debt of 800 million euros. Some of its former administrators, including a priest, were jailed for fraud.

Parolin’s statement is likely a lie to cover for Francis, as Parolin is known for staying away from financial affairs.

The loan caused an inspection by Moneyval, the Council of Europe’s Committee for combating money laundering, as it violated regulatory agreements prohibiting APSA from making commercial loans.

As a consequence, Parolin devised a plan with Cardinal Wuerl to request the Papal Foundation to cover APSA’s bad loan.

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