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Vatican cardinal involved in real-estate investment probe

May 17, 2016

Cardinal Domenico Calcagno, the president of the Administration of the Patrimony of the Apostolic See (APSA), is a subject of an investigation into suspect real-estate transactions, the Italian daily La Stampa has reported.

The Italian cardinal allegedly approved a plan for investments by an institute supporting the clergy. The plan is now being probed for possible embezzlement. 

APSA, the Vatican office that Cardinal Calcagno heads, is responsible for the handling of the Holy See's real-estate investments.

 
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