Wielding Secrecy as a Weapon, by Christine NilesDecember 11, 2019
Meet the New Smut, Worse Than the Old Smut, by Sean FitzpatrickDecember 11, 2019
NEWS ANALYSIS: The Register has reviewed documents that indicate Vatican officials employed covert and deceptive methods to divert 50 million euros needed at a children’s hospital to the troubled institution.
By Edward Pentin, National Catholic Register, 12/10/19
Edward Pentin is the Register’s Rome correspondent.
VATICAN CITY — Using costly methods that appear deceptive, Vatican officials diverted 50 million euros belonging to the Bambino Gesù children’s hospital in Rome to guarantee a loan for the same amount to a bankrupt Italian dermatology hospital in 2014, despite warnings from the cardinal appointed to oversee financial transparency not to go ahead with the transaction.
According to documents seen by the Register, the officials, including two lay consultants who received six-figure commissions on top of their other salaries for their efforts, worked with two Curial cardinals to arrange for the Bambino Gesù hospital, which is under Vatican authority, to guarantee the loan to the Istituto Dermopatico dell’Immacolata (IDI).
The IDI, then owned by the Congregation of the Sons of the Immaculate Conception (CFIC), was at the time on the brink of closure, with debts in excess of 600 million euro. A further body, a foundation called the Fondazione Luigi Maria Monti, was set up in 2015 to help save IDI and keep it within the field of Catholic health care. ….
Read more here http://www.ncregister.com/daily-news/tangled-web-of-transactions-utilized-to-fund-bankrupt-italian-hospital