Which pope depleted the funds of the vatican

Donate to the newsroom now. The Salt Lake Tribune, Inc. July 6, , p. In case you missed it. In the run-up to this Consistory it emerged that the Pope's current ambassador nuncio to the United States, Archbishop Carlo Maria Vigano, had written to the Pope confidentially last March, alleging corruption, nepotism and cronyism inside the office where he worked.

Nepotism is a word charged with heavy meaning inside the Vatican. For centuries popes were accustomed to appoint their own nephews as cardinals, sometimes when they were only in their teens. The Vatican has not contested that the letter is genuine. Another leak concerns attempts by the Holy See to combat suspicions of money-laundering by the Vatican Bank.

Published by the Italian newspaper Il Fatto Quotidiano, which has consistently reported on alleged suspicious transactions at the bank, the document bears the signature of Cardinal Attilio Nicora. He heads a new internal committee tasked by the Pope with helping the Holy See comply with international banking regulations, aimed at combating international financial crime. The letter suggests serious divisions of opinion inside the Vatican over how best to prevent it becoming a fiscal paradise, a tax haven for dodgy commercial operations run by nominees who have no right to hold accounts at the Institute for Works of Religion IOR.

Nov 10, AM. Expert at Rittenhouse trial zeroes in on just a few minutes 7 minutes ago. ABC News Live. Several Italian brokers and dealers, as well as some Vatican officials, are under investigation on suspicion they fleeced the Holy See of millions in fees.

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