Arrested Prelate Tells Magistrates of Secret Accounts in the Vatican / Reuters

The Vatican department in charge of paying salaries and managing real estate acted improperly as a parallel bank, providing accounts to outsiders, an arrested prelate who worked there for 22 years has told Italian prosecutors. The latest allegations of misdoings come as Pope Francis struggles to tackle years of financial scandals involving the Vatican bank, which has long been in the spotlight for failing to meet international standards against tax evasion and the disguising of illegal sources of income. By Philip Pullella, Reuters

Read Pullella’s entire article by clicking here.

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