The Vatican auditor general said he was surprised by the lack of ethical standards demonstrated by officials considering in-vestment opportunities, including a failed London property development deal.
During the Vatican trial of 10 defendants accused of various charges related to financial malfeasance, Alessandro Cassinis Righini, auditor general of the Holy See and Vatican City State, criticized the mismanagement of funds as well as the Vatican’s association with people “with clear conflicts of interest,” which resulted in the loss of millions of euros.
“That was not the way to manage funds from Peter’s Pence,” Cassinis told the court Sept. 30, referring to the papal fund used for charity and to support the running of the Roman Curia and Vatican embassies around the world.