The former head of the
Vatican Bank IOR, Angelo Caloia, was found guilty of money
laundering and embezzlement over the sale of IOR property by a
Vatican court on Thursday.
Two lawyer brothers, Gabriele and Lamberto Liuzzo, were also
found guilty in the case.
Caloia and Gabriele Liuzzo were sentenced to eight years and 11
months in a Vatican jail, while Lamberto got five years and two
months since he was only found guilty of money laundering and
not embezzlement too.
The three men were permanently banned from public office.
The first two were also sentenced to pay a fine of 12,00 euros,
while the latter was fined 8,000 euros.
IOR, whose acronym stands for Istituto per le Opere Religiose or
Institute for Religious Works, was awarded damages of around 23
million euros.
ALL RIGHTS RESERVED © Copyright ANSA