New revelations of illicit Vatican financial transactions
October 24, 2019
CWN Editor's Note: The Administration of the Patrimony of the Apostolic See (APSA) issued a €50 million loan to a troubled Italian hospital, despite regulations that bar APSA from making such transactions. Bishop Nunzio Galantino, who heads APSA, now acknowledges the illicit loan, which was revealed in a new book by investigative journalist Gianluigi Nuzzi. When the loan was not repaid on schedule, Cardinal Donald Wuerl pushed through a €25 million grant from the Papal Foundation— apparently violating that entity’s rules as well— to help cover the loss for APSA.The above note supplements, highlights, or corrects details in the original source (link above). About CWN news coverage.
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