Views: Visits 112
A former head of the Vatican bank, Angelo Caloia, has been found guilty of embezzlement and money laundering and sentenced to eight years and 11 months in prison, making him the highest-ranking Vatican official to be convicted of a financial crime.
The Vatican court on Thursday, 21 January, also convicted Gabriele Liuzzo, 97, and his son Lamberto Liuzzo, 55, both Italian lawyers who were consultants to the bank.
Caloia led the bank, officially known as the Institute for the Works of Religion (IOR), from 1989 to 2009. The 81-year-old Italian was tried over corrupt real estate deals.
He was accused of conspiring with others to make millions from the below-market sale of more than 20 IOR properties in Italy and laundering the proceeds in Switzerland.
Ex-IOR head found guilty in property sale
Angelo Caloia gets 8 yrs 11 mts for embezzlement and laundering
21 Gennaio 2021
VATICAN CITY, JAN 21 - The former head of the
Vatican Bank IOR, Angelo Caloia, was found guilty of money
laundering and embezzlement over the sale of IOR property by a
Vatican court on Thursday.
Two lawyer brothers, Gabriele and Lamberto Liuzzo, were also
found guilty in the case.
Caloia and Gabriele Liuzzo were sentenced to eight years and 11
months in a Vatican jail, while Lamberto got five years and two
months since he was only found guilty of money laundering and
not embezzlement too.