by Ganesh Sahathevan
Listen from 31:00 onward.
Following that report the Vatican Bank was queried by this writer about any dealings with George Soros, but the bank refused to confirm or deny anything(see story below).
Additionally, late last year the the National Catholic Register reported:
A key reason why Vatican officials believed they had no option but to take this route was because the Institute for Works of Religion (IOR), better known as the Vatican Bank, had already refused to issue the loan on the grounds it was too risky and would be in breach of its new practices.
Cardinal Pell concluded this was why Cardinal Calcagno, Cardinal Giuseppe Versaldi, then-president of CFIC, and Giuseppe Profiti, then-president of the Bambino Gesù, insisted on obtaining the loan guarantee from the children’s hospital, along with the fact that they knew that the children’s hospital had extensive funds to draw upon. All three underwrote the loan guarantee from the Bambino Gesù, according to documents examined by the Register.
But before doing so, they tried to win over Cardinal Pell and the Pope by hiring the accountancy giant KPMG to conduct a feasibility study to show how the loan could and would be repaid. But when Cardinal Pell’s office asked that KPMG sign their study, the firm refused to do so. The Register has asked KPMG’s Italian branch, which conducted the study, why the accountant group was unwilling to endorse it, but so far has received no response.
On the strength of the study, Pope Francis and Cardinal Parolin went ahead with the 50 million-euro loan despite opposition from Cardinal Pell and others — something the Vatican source said became a pattern.
Cardinal Pell has said that Cardinal Parolin is not corrupt,and indicated that the Pope is not involved in in these financial dealings.
Additionally, late last year the the National Catholic Register reported:
A key reason why Vatican officials believed they had no option but to take this route was because the Institute for Works of Religion (IOR), better known as the Vatican Bank, had already refused to issue the loan on the grounds it was too risky and would be in breach of its new practices.
Cardinal Pell concluded this was why Cardinal Calcagno, Cardinal Giuseppe Versaldi, then-president of CFIC, and Giuseppe Profiti, then-president of the Bambino Gesù, insisted on obtaining the loan guarantee from the children’s hospital, along with the fact that they knew that the children’s hospital had extensive funds to draw upon. All three underwrote the loan guarantee from the Bambino Gesù, according to documents examined by the Register.
But before doing so, they tried to win over Cardinal Pell and the Pope by hiring the accountancy giant KPMG to conduct a feasibility study to show how the loan could and would be repaid. But when Cardinal Pell’s office asked that KPMG sign their study, the firm refused to do so. The Register has asked KPMG’s Italian branch, which conducted the study, why the accountant group was unwilling to endorse it, but so far has received no response.
On the strength of the study, Pope Francis and Cardinal Parolin went ahead with the 50 million-euro loan despite opposition from Cardinal Pell and others — something the Vatican source said became a pattern.
END
Saturday, February 25,
2017
Vatican Bank will not deny acting as a conduit for Soros funds
by Ganesh Sahathevan
The queries were put to the IOR's president Jean-Baptiste de Fanssu,who declared last year that as a result of changes he had introduced it was now "impossible to launder money" via the IOR.
Yet, just last week Italian prosecutors froze the assets of Italian banker Giampietro Nattino ,with regards to a stock market manipulation scheme he is alleged to have perpetrated using the Vatican financial system, which includes APSA,the Vatican's treasury and fund manager, which does not have a history of good governance.
END
Reference
Vice Pope" Cardinal Oscar's Soros funding-Has the Vatican Bank acted as conduit , is it in breach of international AML,CTF and KYC regulations?
Credit:Alessandra Tarantino/Associated Press
The Vatican Bank, or more formally the Istituto per le Opere di Religione (IOR), has refused to confirm or deny that it has acted and continues to act as a conduit for funds managed and controlled by billionaire Gorge Soros.
The queries were raised with regards to an earlier story published on this blog about secret or off-balance sheet Vatican funds being used by "Vice Pope" Cardinal Oscar Rodríguez Maradiaga to conceal funding from Soros for the Catholic Spring movement which he appears to be a part of.
The Vatican Bank, or more formally the Istituto per le Opere di Religione (IOR), has refused to confirm or deny that it has acted and continues to act as a conduit for funds managed and controlled by billionaire Gorge Soros.
The queries were raised with regards to an earlier story published on this blog about secret or off-balance sheet Vatican funds being used by "Vice Pope" Cardinal Oscar Rodríguez Maradiaga to conceal funding from Soros for the Catholic Spring movement which he appears to be a part of.
The queries were put to the IOR's president Jean-Baptiste de Fanssu,who declared last year that as a result of changes he had introduced it was now "impossible to launder money" via the IOR.
Yet, just last week Italian prosecutors froze the assets of Italian banker Giampietro Nattino ,with regards to a stock market manipulation scheme he is alleged to have perpetrated using the Vatican financial system, which includes APSA,the Vatican's treasury and fund manager, which does not have a history of good governance.
END
Reference
Vice Pope" Cardinal Oscar's Soros funding-Has the Vatican Bank acted as conduit , is it in breach of international AML,CTF and KYC regulations?
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