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October 10, 2017

Vatican bank launches legal action in Malta over major investment loss

Jean-Baptise de Franssu, left, current president of the Vatican bank, former President Ernst Von Freyberg, right, and Australian Cardinal George Pell, prefect of the Vatican Secretariat for the Economy, leave at the end of a news conference at the Vatican July 9, 2014. The Vatican said it will separate its bank's investment business from its church payments work to try to clean up after years of scandal, including allegations of money laundering and tax evasion.
VATICAN CITY – The Vatican bank has initiated legal action in Malta against unnamed third parties because of "significant damages" incurred after a 17-million-euro investment.
Published in International