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Columnist: Alessandro Speciale

Ex-Vatican Bankers Ordered to Pay $46 Million for Mismanagement

January 22, 2022 from Bloomberg by Alessandro Speciale

Two former Vatican bankers were convicted of mismanaging assets and sentenced to repay 40.7 million euros ($46.2 million), more than the bank’s net income in 2020. Paolo Cipriani, former director general of the Institute for the Works of Religion, and his deputy Massimo Tulli, were taken to court by the institute — the Vatican’s bank … Read more

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