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Maltese firm, sued by Vatican bank, files counter-claim

November 08, 2017

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CWN Editor's Note: An investment company in Malta, sued by the Vatican bank for alleged misuse of funds, has filed a counter-suit, charging that the Vatican bank, the Institute for Religious Works (IOR), suffered losses because of its own failure to adhere to the terms of an agreement. The suit by Futura Funds charges that the firm suffered damages because it was “caught between two factions in the IOR.”

The above note supplements, highlights, or corrects details in the original source (link above). About CWN news coverage.
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