New book claims Vatican close to financial ruin
VATICAN CITY -- An Italian author who was once tried and acquitted by a Vatican court for publishing leaked documents is claiming in a new book that decades of mismanagement, shady deals and decreasing donations will leave the Vatican no choice but to default.
VATICAN CITY (CNA) -- A confidential report from the Vatican’s anti-corruption authority shows that the Secretariat of State has used about $725 million, most of which came from the pope’s charity fund, in off-books operations.
Raid on Vatican offices connected to financial investigation
VATICAN CITY (CNA) -- The recent raid of Vatican offices is connected to an investigation into charges that Vatican money financed the development of luxury properties in London, and led to a windfall for the Vatican’s investment managers, according to an Oct. 14 report from Financial Times.
Cardinal Maradiaga responds to allegations of corruption
Cardinal Maradiaga of Honduras accused of financial mismanagement
Tegucigalpa, Honduras – An Italian media outlet has reported allegations of financial mismanagement on the part of Honduran Cardinal Oscar Maradiaga, although no formal allegations or charges have been raised against the cardinal to date.