National Catholic Reporter

The Independent News Source

Institute for Works of Religion

Two former Vatican Bank managers suspected of embezzlement

 | 

The Institute for Works of Religion, known as the IOR or the Vatican Bank, is pressing charges against two former managers and a lawyer suspected of embezzlement, a press release from the IOR this morning announced.

The press release doesn’t name the chargees, but an exclusive story by veteran Reuters correspondent Philip Pullella does.

Vatican budgets for 2013 show surplus of 8.5 million euros

 | 

The Vatican's final budget figures for 2013 showed a deficit on the part of the Roman Curia, but a strong performance by entities falling under the separate Vatican City State budget covered the deficit and helped the Vatican end the year 8.5 million euros ($11.6 million) in the black.

The Prefecture for the Economic Affairs of the Holy See, the Vatican's budget management office, presented the consolidated budgets for the Holy See and for Vatican City State to members of the new Council for the Economy on Saturday, and a summary was released by the Vatican press office Tuesday.

Vatican bank investigated cleric arrested again by Italian authorities

 | 

Summarizing efforts made in 2013 to improve transparency and compliance with international standards for financial operations, the Vatican bank confirmed that it conducted a "detailed investigation" of the accounts held by a monsignor arrested by Italian police for the second time Tuesday.

Msgr. Nunzio Scarano was suspended in late May from his job as an accountant in the Vatican office overseeing property and investments. The Vatican suspended him when it learned that he was under criminal investigation in Italy.

Pages

Christmas-Feature-Flag-300x100.jpg

NCR Email Alerts