Challenge Grant: Our Boosters will match donations up to $45,000. We have $36,934 to go. Please donate!
Click here to advertise on CatholicCulture.org

Vatican again issues statement rejecting charges of financial mismanagement

Catholic World News - February 09, 2012

For the 3rd time in the past 10 days, the press office of the Holy See has issued a new public defense against charges of corruption in Vatican financial affairs.

In a February 9 statement, the Vatican rejected the charges put forward in an article that appeared in the left-wing newspaper L’Unita. The statement charged that the article, which claimed that the Vatican had covered up evidence of money-laundering by four Italian priests, betrayed “a considerable lack of serious research by the author.”

L’Unita charged that the Vatican bank, the Institute for Religious Works (IOR), had failed to provide Italian authorities with details about suspicious financial transfers. The Vatican flatly denies that charge, saying that the IOR has cooperated with Italian investigators. The newspaper charges are “recycled” complaints that have already been answered, the Vatican says.

Last year, with the creation of a new Financial Information Authority (AIF), the Vatican tightened controls on all financial transactions, the press office notes. The statement says that the AIF has responded in detail to requests from Italian officials.

The press office says that L’Unita’s coverage is “sadly defamatory” in that it says that Ettore Gotti Tedeschi, the president of the IOR has been “incriminated” along with Paolo Cipriani, another Vatican bank official. “Neither of them has ever been incriminated, but merely investigated,” the statement says.

Additional sources for this story
Some links will take you to other sites, in a new window.

An appeal from our founder, Dr. Jeffrey Mirus:

Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!

Our Fall Campaign
Progress toward our year-end goal ($125,313 to go):
$150,000.00 $24,687.05
84% 16%
Sound Off! CatholicCulture.org supporters weigh in.

All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!

Show 1 Comments? (Hidden)Hide Comments
  • Posted by: hartwood01 - Feb. 09, 2012 7:12 PM ET USA

    Why do I not believe these Vatican spokesmen? Money can corrupt,especially if it is someone else's.

Fall 2014 Campaign
Subscribe for free
Shop Amazon
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

The Church Moves On, Slowly 7 hours ago
Is Cardinal Kasper losing his grip? 11 hours ago
The Pope is not the problem October 23
Do not confuse sacramental discipline and Catholic doctrine. October 23
Ignatius Press into the Breach: Trumping the Kasper Proposal October 22

Top Catholic News

Most Important Stories of the Last 30 Days
Key synod report calls for 'gradualism' in Church response to irregular family situations CWN - October 13
As synod concludes, bishops issue message, approve document; Pope weighs in CWN - October 20
Cardinal Parolin: UN must protect innocents from Islamic State CWN - September 30
Synod of Bishops opens with Mass in St. Peter’s Basilica CWN - October 6