VATICAN CITY
Irish Times
Paddy Agnew
Mon, Dec 8, 2014
The Vatican’s controversial bank, IOR (Institute for Works of Religion), finds itself in the eye of yet another storm following Saturday’s revelation those who ran the bank between 1989 and 2009 are being investigated in relation to suspect real estate deals involving church property.
Senior Vatican spokesman Fr Federico Lombardi, on Saturday, said it had been the present management of the bank who had highlighted the current “problem” to the Vatican City state prosecutor’s office.
Media reports claim prosecutor Gian Piero Milano is looking into the sale of 29 church buildings between 2001 and 2008.
IOR itself issued a statement confirming that some months ago it had reported two former bank managers and one lawyer – former IOR president Angelo Caloia, former director-general Lelio Scaletti and lawyer Gabriele Liuzzo. IOR added that the case underlined the management’s commitment to “transparency and zero-tolerance, even with regard to suspicious events from the past”. The suspicious dealings came to light in the last year, following an assessment of IOR’s 20,000 accounts by global risk-control group Promontory Financial.
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