Vatican tribunal convicts three laymen in financial scandal
January 22, 2021
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CWN Editor's Note: A Vatican tribunal has convicted two former executives of the Institute for Religious Works (the IOR, commonly known as the Vatican bank) on embezzlement and money-laundering charges. Angelo Caloia, who was president of the IOR from 1999 to 2009; and two lawyers who had acted as IOR consultants, were found guilty of arranging to profit from the sale of Vatican properties. Caloia was sentenced to a prison term of just under nine years. His attorney said that the former IOR chief would appeal, charging that the Vatican’s judicial system had not provided a fair trial.
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