Vatican Bank’s Ex-Chief Indicted For Embezzlement And Money Laundering


March 4 2018

A former president of the Vatican Bank has been ordered to stand trial on charges of embezzlement and money laundering, the Vatican said, the highest ranking Holy See financial official to be indicted.A statement by the bank, officially known as the Institute for Works of Religion (IOR), said the former president’s legal counsel was also indicted.

The two are Angelo Caloia, 78, who was president of the IOR from 1999 and 2009, and lawyer Gabriele Liuzzo, 94. A third person who was originally under investigation, former IOR director general Lelio Scaletti, died several years ago.