Vatican Financial Authority an ‘Empty Shell,’ Says Departing Board Member

November 20, 2019
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By Catholic Culture, (Catholic World News), November 19, 2019

A member of the board of the Vatican’s Financial Information Authority (AIF) has resigned, telling the Associated Press that there is “no point in staying on the board of an empty shell.”

The resignation of Marc Odenhall, a Swiss banker and philanthropist, follows closely after the departure of Rene Bruelhart, the president of AIF and also a board member. In his remarks to AP, Odenhall left no doubt that the AIF has been fighting a losing battle to protect its autonomy.

Questions about the independence of the AIF came to the fore in October, when Vatican police raided the agency’s offices, and the AIF’s director, Tommaso Di Ruzza, was suspended. The Vatican has not provided an explanation for the raid or the suspension. ….