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. The defense wants to challenge the verdict.
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. The convicts are to pay around 20 million in replacement. Large amounts have already been frozen on accounts and are to be collected.