Analysis: Two former IOR senior managers found guilty of mismanagement
Vatican City, Feb 12, 2018 / 03:00 pm (CNA).- A Vatican Court has found two former IOR senior managers liable for mismanagement, and ordered them to compensate the IOR for resulting damages.
IOR is the Institute for Religious Works, better known as “the Vatican bank,” although it is not actually a bank and it does not operate as a bank.
The news of the sentence against the IOR’s former senior managers was delivered Feb. 6 in a short release that provided no names, nor the amount of money to be compensated.
However, it was clear that the managers found liable were Paolo Cipriani