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Cardinal Becciu Again Denies Involvement in IDI Hospital Purchase

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In a letter to a veteran Italian journalist, Cardinal Angelo Becciu wrote on Monday that he was not involved in the purchase of a bankrupt Italian hospital, and that reports to the contrary are unreliable. “The press release of Prof. Antonio Maria Leozappa, president of the Luigi Maria Monti Foundation, published by you on November […]

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Vatican Officials: Swiss Bank Suspected of Money Laundering Led to Pell Conflict

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The Holy See’s relationship with a disreputable Swiss bank triggered an internal dispute between the Secretariat of State and Vatican financial authorities. At the center of the conflict was a multimillion-dollar line of credit used to fund a controversial investment in London property speculation. Sources inside the Vatican’s Prefecture for the Economy confirmed to CNA […]

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Vatican Cardinals Linked to Missing Millions and Financial Scandal

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An Italian dermatology hospital and two senior cardinals are at the center of a burgeoning financial scandal involving a Vatican bank, the U.S.-based Papal Foundation, and millions of euros from misallocated government grants. The events concern the financial collapse of the Istituto Dermopatico dell’Immacolata (IDI), an Italian hospital. According to media reports and new sources, […]