Catholic World News
High bail set for financier involved in Vatican real-estate scandal
May 19, 2021
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CWN Editor's Note: A British judge has set bail £1.1 million ($1.6 million) for Gianluigi Torzi, the Italian investor at the center of a Vatican real-estate scandal. The judge explained that he set the bail figure high because Torzi—who faces criminal charges in Italy, as well as Vatican complaints—represents a flight risk. The judge noted that Torzi’s financial holdings are “opaque,” in reference to his complicated transactions.
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