On 21 January, Euronews reported that a Vatican court is expected to issue a verdict in an embezzlement and money laundering trial involving the ex-president of the Institute for the Works of Religion, also known as IOR, or the Vatican bank. Former president Angelo Caloia proclaimed himself innocent, and “a victim” of “operations orchestrated by other people”. The trial also involves Gabriele Liuzzo’ son, Lamberto Liuzzo, who faces a six-year prison sentence. The investigations began in 2014 and focused on operations carried out between 2001 and 2008 which caused estimated financial damage of €57 million. CNN later reported he had been sentenced to nearly 9 years in prison.
https://edition.cnn.com/2021/01/21/europe/vatican-bank-money-laundering-intl/index.html
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