FORMER VATICAN BANK PRESIDENT FACES PRISON SENTENCE IN EMBEZZLEMENT TRIAL

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://www.euronews.com/2021/01/21/former-vatican-bank-president-faces-prison-sentence-in-embezzlement-trial

https://edition.cnn.com/2021/01/21/europe/vatican-bank-money-laundering-intl/index.html

If you would like to make a (polite) gesture and make a (very) modest contribution to my ongoing with my relocation, removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s