National Catholic Register News
Earlier this year, a Maltese court authorized the seizure of IOR assets after a years-long court battle with investment managers over millions of euros which the Vatican bank agreed to invest with the firms, before withdrawing from the deal.
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.
Sources say a controversial U.S. grant was requested in order to balance the central bank's books after the hospital was unable to repay the money.
ANALYSIS: Sources tell the Register that this week’s investigative actions are primarily targeted at Vatican officials who are no longer working at the secretariat.
NEWS ANALYSIS: Part 2 of a Register assessment of the Pope’s efforts to reform the Vatican over the last five years.
The institute is seeking compensation for damages estimated at more than 50 million euro (62 million dollars).
ANALYSIS: A new progress report said that, despite some things that need to be fixed, the Holy See’s commitment to financial transparency meets international standards.
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