VATICAN CITY
Catholic Online
[with video]
LOS ANGELES, CA (Catholic Online) – The Vatican bank two years ago invested in an Italian television company that makes family movies, including films about popes and a series about a bike-riding country priest who helps police solve crimes.
The Vatican’s at-the-time Secretary of State Tarcisio Bertone ordered the investment in Lux Vide SpA. He said the company shared the Holy See’s “lofty goal of evangelization.”
Bertone, who was the second-in-command to former Pope Benedict, pushed the deal through despite objections from the bank’s director and board members.
The Vatican last month booked a loss for the entire amount spent, as part of a wider review of Vatican finances that has also led to the closure of hundreds of accounts at the Institute for Religious Works, or IOR.
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