Vatican Indicts Ex-Bank Head, Says Embezzlement Loss Is $62M - NBC Connecticut
National & International News
The day’s top national and international news

Vatican Indicts Ex-Bank Head, Says Embezzlement Loss Is $62M

The IOR, as the bank is known, is joining a civil case alongside the criminal trial to try to recover some of the Vatican's losses

    processing...

    NEWSLETTERS

    2019 Open Enrollment Made Easy
    y Franco Origlia/Getty Images
    This April 16, 2017, file photo shows Pope Francis in Vatican City, Vatican.

    Vatican prosecutors have indicted the former president of the Vatican bank and his lawyer on embezzlement charges, holding them responsible for losses of more than 50 million euros ($62 million) from real estate sales.

    The trial of Angelo Caloia and his lawyer is due to begin March 15. A third suspect died while under investigation.

    The Institute for Religious Works said in a statement late Friday that Caloia and his lawyer were charged with alleged acts of embezzlement and self-laundering between 2001 and 2008, when the bank disposed of "a considerable part of its real estate assets."

    The IOR, as the bank is known, is joining a civil case alongside the criminal trial to try to recover some of the Vatican's losses.

    102-Year Old Woman Breaks Skydiving Record for Charity

    [NATL] 102-Year Old Woman Breaks Skydiving Record for Charity

    Irene O'Shea became the oldest woman to skydive at 102 when the Australian grandmother took part in a jump for the Motor Neurone Disease Association of South Australia on Dec. 9. She broke her own 2017 record for the same category.

    (Published Wednesday, Dec. 12, 2018)

    Caloia and the lawyer deny wrongdoing.