Vatican Tribunal rules in embezzlement case against former IOR head vaticannews.va

In a ruling on Thursday, the Tribunal of the Vatican City State concluded the trial instituted against the former president of the Institute for Works of Religion (IOR) Prof. Angelo Caloia, and lawyer Gabriele Liuzzo concerning the sale of 29 properties owned by the IOR and a subsidiary company, SGIR s.r.l.

In a statement, the Holy See Press Office said that the Tribunal found Caloia and Luizzo “guilty of several counts of embezzlement from the IOR, and others of aggravated embezzlement from SGIR s.r.l., as well as of the crime of self-laundering.” Both men were sentenced to a total of eight years and eleven months of imprisonment and a fine of 12,500 euros each…

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