The new statute does include some minor adjustments, such as redefining some of the offices of the institute. At the same time, it leaves certain critical issues unaddressed.
Results from Tag: 'vatican bank'
According to Francis’ rescript, financial and liquid assets held in banks other than the IOR must be moved to the Vatican bank within 30 days of Sept. 1, 2022.
Writing in the annual report, Cardinal Santos Abril y Castelló recalled that the institute published its internal regulations for the first time in its history in 2020.
Angelo Caloia, 81, was president of the Institute for Religious Works, also known by its Italian initials, IOR, from 1989 to 2009.
At issue is a 2013 investment plan involving the purchase of a property in Hungary – the Budapest Exchange Palace – for development and resale.
Msgr. Perlasca is now the fifth official or former official at the Secretariat of State to be targeted by Vatican investigators.
The disgraced former cardinal intervened in 2017 to pressure members of the U.S. Papal Foundation to support a controversial grant request.
Loan request was vetoed by Cardinal George Pell and financial authorities at the Vatican Bank before it was approved by the Holy See’s central bank.