On Saturday, the ongoing saga of Vatican financial scandal – or reform, if you prefer – continued with the approval of several new changes to Vatican City law on transparency and economic oversight. It also included the announcement that Cardinal Pietro Parolin will no longer sit on the reconstituted oversight board of the Institute for … Read more
The Diocese of Scranton released a statement Friday regarding Msgr. Walter Rossi, rector of the Basilica of the National Shrine of the Immaculate Conception. The statement said that after an exhaustive investigation, investigators found no credible evidence to support allegations of misconduct against Rossi. “The investigation of allegations of personal misconduct was led by outside … Read more
As details continue to emerge about a raft of financial scandals at the Vatican Secretariat of State, some observers have been left wondering at the apparent lack of urgency or interest in the Holy See’s response. While vague updates have been issued about ongoing investigations, mounting political and diplomatic pressure behind the scenes could be … Read more
Talk about a conflict of interest. As the Vatican’s Secretariat of State finalized its purchase of a London luxury apartment building, a lay secretariat official who oversaw investments was appointed a director of a company owned by the financier who brokered the property deal. Vatican sources tell CNA that appointment is now under investigation, as … Read more
The Vatican raid conducted on the chief prosecutor of the Church’s Apostolic Signatura sheds light on a network of companies and businessmen at the center of interrelated Vatican financial scandals. On Feb. 18, Vatican officials raided the home and office of Msgr. Alberto Perlasca, the chief prosecutor at the Church’s highest ecclesiastical court and a … Read more
The Holy See has delayed announcing its pick for the next bishop of Hong Kong, CNA has learned, amid concerns that local clergy and lay Catholics will see Rev. Peter Choy Wai-man as too sympathetic to the Chinese Communist government. The Diocese of Hong Kong has been without permanent leadership since January 2019, when Bishop … Read more
Law enforcement officials have conducted interviews with several senior figures at the Papal Foundation, a U.S. based charity which supports the charitable works of the Holy Father. Officers from the FBI have spoken to at least three foundation staff members over last several months, with enquiries focused on the role of Theodore McCarrick, who served … Read more
Two investment funds used by Vatican dicasteries were also used by a major Italian bank to conceal illegal investments for which the bank was eventually closed. On Friday, Maltese media reported that the IOR, or Vatican Bank, is being sued in turn by Optimum for breach of contract; the firm claims the Vatican’s bank owes an … Read more
A fund in which the Vatican’s Secretariat of State has invested tens of millions of euros has links to two Swiss banks investigated or implicated in bribery and money laundering scandals involving more than one billion dollars. The fund is under investigation by Vatican authorities. The fund, Centurion Global Fund, made headlines this week that … Read more
Developers acting for the Vatican Secretariat of State offered to raze a London parish hall and rectory and replace it with low-cost housing, in order to try to push through a luxury apartment development. The luxury development project involves two recently suspended Vatican employees, and a nest of Vatican-controlled holding companies led by an architect … Read more