Ex Vatican bank heads accused of embezzlement, accounts seized

VATICAN CITY
Bangkok Post

AFP

VATICAN CITY – Two former Vatican bank managers and a lawyer have had their accounts seized as part of an investigation into allegations of embezzlement, the Vatican said Saturday.

The bank, officially known as the Institute for Religious Works (IOR), said it had pressed charges against the trio some months ago and “the accounts held by the concerned individuals at the IOR have recently been seized”.

Italian media reports named the accused as former bank president Angelo Caloia, ex-director general Lelio Scaletti, and lawyer Gabriele Liuzzo.

While the IOR would not provide details on the case “given the ongoing judicial enquiry”, Vatican spokesman Federico Lombardi told Italian media they were suspected of embezzling money.

Reports said they had siphoned off between 50 and 60 million euros ($61 and $73 million) while managing the sale by the bank of 29 buildings.

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