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Vatican Ask US Firm To Probe Real Estate Accounts by larride(m): 5:09pm On Oct 16, 2013 |
Vatican City (AFP) - The Vatican has asked an American consultancy to look into the dealings of a department which manages its vast real estate as part of a crackdown following accusations of corruption. The Administration of the Patrimony of the Apostolic See (APSA) has been hit by scandals, including the arrest a senior cleric who had worked in the department for 22 years, who went on to accuse his superiors of misconduct. APSA, which handles the Holy See's real estate holdings, will have its books scrutinised by the US consultancy firm Promontory Financial Group. The US firm was already called in earlier this year to conduct an external review of the scandal-hit Vatican bank's money laundering rules. APSA, which also pays the salaries of Vatican employees and captains the financial and stock portfolio, is being placed under external scrutiny "to deepen the checks into the financial and management situation," a statement said. Pope Francis has pushed hard since his election in March to make the Vatican's public finances fully transparent following decades of scandal and intrigue, particularly regarding the Institute for Religious Works (IOR) -- as the bank is known. The IOR was the main shareholder of the Banco Ambrosiano, which collapsed in 1982 amid accusations of laundering money for the mafia. The chairman of Banco Ambrosiano, Roberto Calvi -- dubbed "God's Banker" -- was found hanging from Blackfriars Bridge in London that year in a suspected murder by mobsters. The spotlight fell on APSA after prelate Nunzio Scarano was arrested in June on suspicion of acting as a front for dubious international payments made through the Vatican bank. Scarano wrote to the pope to defend himself, accusing cardinals of covering up irregular financial activities carried out by his superiors. Reform-minded Francis has spoken repeatedly of his desire to create "a poor Church for the poor". One of the first steps was to install a special commission tasked with investigating the bank and another to probe Vatican finances in general that will report their findings back to him. news.yahoo.com/vatican-asks-us-firm-probe-real-estate-accounts-140933753.html |
Re: Vatican Ask US Firm To Probe Real Estate Accounts by Noliza(m): 5:16pm On Oct 16, 2013 |
I reserve my comment. First to comment sha.... |
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