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Despite question marks, Vatican bank verdict is still a watershed


Despite question marks, Vatican bank verdict is still a watershed
Jan 23, 2021 editor
An image of the sentencing of Angelo Caloia and two others for a fraud scheme involving the Vatican bank. (Credit: Vatican Press Office.)
We witnessed a potential watershed moment this week for financial reform in the Vatican when a longtime former president of the Vatican Bank, along with the bank’s lawyer, were sentenced to eight years and 11 months in jail for their roles in a $70 million fraud.
News Analysis
ROME – We’ve been down this road before, of course, but nevertheless we witnessed what’s being hailed as a landmark moment this week for financial reform in the Vatican when a longtime former president of the Vatican Bank, along with the bank’s lawyer, were sentenced to eight years and 11 months in jail for their roles in a $70 million fraud. ....

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Condenan a casi 9 años de cárcel a ex presidente del Banco del Vaticano

Condenan a casi 9 años de cárcel a ex presidente del Banco del Vaticano
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Condenan a casi 9 años de cárcel al expresidente de...

Condenan a casi 9 años de cárcel al expresidente de...
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A prisión 9 años expresidente del Banco del Vaticano por malversación de fondos y lavado de dinero

A prisión 9 años expresidente del Banco del Vaticano por malversación de fondos y lavado de dinero
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Former Vatican Banker Convicted of Money Laundering and Embezzlement


Former Vatican Banker Convicted of Money Laundering and Embezzlement
The ruling by the Vatican court signaled the church’s desire to get its financial house in order following past scandals.
An image released by the Vatican shows the first hearing in the trial of Angelo Caloia, the former president of the Vatican Bank, in 2018.Credit.Osservatore Romano, via Reuters
Jan. 21, 2021
ROME A Vatican court on Thursday convicted a former senior official at the Vatican bank and his lawyer of embezzlement and money laundering, sending a strong signal that the church was determined to get its financial house in order.
The defendants Angelo Caloia, the president of the Vatican bank for two decades, and his onetime lawyer Gabriele Liuzzo had been accused of embezzling millions of euros through shady real estate deals between 2002 and 2007. ....

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