Financial Malaise in Vatican and No Solution?
Martyr Cardinal George Pell, then the Prefect of the Vatican’s Secretariat for the Economy, identified in October 2016 potential money laundering, fraud, six “ciphered” foreign bank accounts, secret …More
Martyr Cardinal George Pell, then the Prefect of the Vatican’s Secretariat for the Economy, identified in October 2016 potential money laundering, fraud, six “ciphered” foreign bank accounts, secret particular assets and real estate transactions, held "off the books."
These risks were related to the APSA, the Administration of the Patrimony of the Holy See.
According to Edward Pentin (NCRegister.com, Jul 22) Pell contacted Australian banking friends in London in 2016. They estimated that possibly as much as €7 billion could be held in offshore accounts, like the Banca della Svizzera Italiana and Julius Bär, both located in Lugano, Switzerland.
Pell got the Vatican’s auditor general, Libero Milone, involved, received Pope Francis’ permission to act but the bank statements never made it to them. According to Pentin, their initiative was most likely sabotaged.
Pentin mentions the Vatican's London property at the prestigious Mayfair 176-206 High Street Kensington with 108 apartments and …More
These risks were related to the APSA, the Administration of the Patrimony of the Holy See.
According to Edward Pentin (NCRegister.com, Jul 22) Pell contacted Australian banking friends in London in 2016. They estimated that possibly as much as €7 billion could be held in offshore accounts, like the Banca della Svizzera Italiana and Julius Bär, both located in Lugano, Switzerland.
Pell got the Vatican’s auditor general, Libero Milone, involved, received Pope Francis’ permission to act but the bank statements never made it to them. According to Pentin, their initiative was most likely sabotaged.
Pentin mentions the Vatican's London property at the prestigious Mayfair 176-206 High Street Kensington with 108 apartments and …More
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