VATICAN CITY
news.com.au
Former Vatican bank managers accounts seized as they siphoned off cash and now paying for it
TWO former Vatican bank managers and a lawyer have had their accounts seized as part of an investigation into allegations of embezzlement, the Vatican says.
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.”
While the IOR would not provide details on the case “given the ongoing judicial inquiry”, Vatican spokesman Federico Lombardi told Italian media on Saturday the trio was suspected of embezzling money.
Reports said they had siphoned off cash while managing the sale by the bank of 29 buildings.
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