Vatican: More Troubling Financial Irregularities Exposed, by Christine Niles

By Christine Niles, M.St. (Oxon.), J.D., Church Militant, October 24, 2019

Papal Foundation dollars used to write off allegedly illicit loan

VATICAN (ChurchMilitant.com) – Questions continue to swirl over the Vatican’s mishandling and misappropriation of hundreds of millions of euros.

Days after newly leaked documents revealed the Vatican’s Secretariat of State misused hundreds of millions of euros in charitable donations for speculative business investments in the oil industry and luxury commercial real estate, a curial official has admitted to using American grant money to write off a questionable multi-million-dollar loan to a scandal-ridden Rome hospital.

A curial official has admitted to using American grant money to write off a questionable multi-million-dollar loan.

In comments made to Italian journal Avvenire Tuesday, Bp. Nunzio Galantino, director of the Administration of the Patrimony of the Apostolic See (APSA), which oversees Vatican assets worth more than half a billion euros, said, “The negative accounting data is exclusively due to an extraordinary intervention aimed at saving the operations of a Catholic hospital and the jobs of its employees.”  ….

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