High bail set for financier involved in Vatican real-estate scandal
May 19, 2021
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.The above note supplements, highlights, or corrects details in the original source (link above). About CWN news coverage.
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