Vatican court imposes almost nine years in prison on ex-bank chief

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Dhe Vatican Court has sentenced a former IOR pew president, Angelo Caloia, and his former attorney to eight years and eleven months in prison for money laundering and embezzlement. In addition, on Thursday the court found the son of ex-lawyer Gabriele Liuzzo (97) guilty as an assistant and sentenced Lamberto Liuzzo to five years and two months.  The  process, which has been running since May 2018, was about dubious real estate deals. Millions of dollars are said to have been put aside. © www.de24.news The  defense wants to challenge the verdict.

© www.de24.news The  defendants who were absent received additional fines. © www.de24.news

 The y had rejected the allegations at the beginning of the proceedings. In some of the cases initially charged, the accused were acquitted.

As the Vatican announced, there were 29 property sales in the 2000s, which were made well below market value. In the proceedings, the damage to the Papal States was estimated at more than 50 million euros. © www.de24.news The  convicts are to pay around 20 million in replacement. Large amounts have already been frozen on accounts and are to be collected.

© www.de24.news The  defender of the 81-year-old ex-bank boss announced in a letter that he had filed an appeal. Caloia managed the bank for around two decades until 2009.

© www.de24.news The  Vatican Bank IOR has repeatedly been associated with scandals. She has been campaigning for more transparency since 2013.





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Vatican court imposes years prison exbank chief

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