New revelations of illicit Vatican financial transactions
October 24, 2019
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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.
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