Catholic World News

Vatican court finds two former Vatican bank officials guilty of mismanagement

February 07, 2018

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CWN Editor's Note: Two former officials of the Vatican bank, the Institute for Religious Works (IOR), have been found guilty of criminal charges by a Vatican tribunal. Paolo Cipriani, the former director of the IOR, and Massimo Tulli, who was his deputy, had already been convicted last year in an Italian court for violation of laws against money-laundering. The two were forced to resign from the IOR in 2013 after a review of the bank’s accounts. The Vatican has not yet revealed the exact charges of which they were convicted.

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