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Ex Vatican bank chief gets 9 years for embezzlement

Rome: A former head of the Vatican bank, Angelo Caloia, was on Thursday found guilty of embezzlement and money laundering and sentenced to eight years, 11 months in prison.
It was the first-ever jail sentence issued by a Vatican state court in relation to financial crimes - a milestone in Pope Francis ongoing efforts to clean up Vatican governance.
Caloia led the bank, officially known as the Institute for Religious Works (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. ....

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Former head of Vatican bank convicted of embezzlement

Angelo Caloia, 81, received an eight-year, 11-month jail sentence. ....

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Vatican convicts ex-bank chief in property embezzlement scam

Vatican convicts ex-bank chief in property embezzlement scam
by Nicole Winfield, The Associated Press
Posted Jan 21, 2021 12:11 pm EDT
Last Updated Jan 21, 2021 at 12:14 pm EDT
FILE - In this Tuesday, Jan. 28, 2014 filer, an exterior view of the offices of the Vatican bank IOR in Vatican City. The Vatican’s criminal tribunal on Thursday, jan, 21, 2021 convicted the former head of the Vatican bank and his lawyer of embezzling some 57 million euros in proceeds from the sales of Holy See-owned real estate and sentenced them to nearly nine years in prison. (AP Photo/Domenico Stinellis, File)
ROME The Vatican’s criminal tribunal on Thursday convicted the former head of the Vatican bank and his lawyer of embezzling millions of euros in proceeds from the sales of Holy See-owned real estate, and sentenced them to nearly nine years in prison each. ....

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Former head of Vatican bank sentenced to jail for embezzlement

Angelo Caloia, 81, becomes highest-ranking Vatican official convicted of financial crime ....

Lamberto Liuzzo , Angelo Caloia , Gabriele Liuzzo , Institute For Works Of Religion , நிறுவனம் க்கு வேலை செய்கிறது ஆஃப் மதம் ,

Vatican bank's former chief found guilty of money laundering, sentenced to nearly 9 years in prison

Vatican bank s former chief found guilty of money laundering, sentenced to nearly 9 years in prison
CNN
1/22/2021
By Valentina Di Donato and Zamira Rahim, CNN
© Handout/Vatican Media/AFP/Getty Images
Magistrates during the trial of Angelo Caloia (not in picture) on January 21.
The former head of the Vatican bank, Angelo Caloia, has been sentenced to nearly nine years in prison for money laundering and aggravated embezzlement.
The 81-year-old was handed an eight year, 11 month jail term on Thursday, making him the highest-ranking Vatican official to be convicted of a financial crime. His lawyer is appealing his sentence.
Caloia was president of the bank known as Institute of Works of Religion (IOR) from 1989 to 2009. He and two lawyers who consulted for the bank were charged with embezzling money while managing the sale of Italian real estate owned by IOR between 2001-2008, allegedly declaring less than the actual amount of the ....

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