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Vatican questions how priest moved $17 million meant for missionary work into investment fund

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Pope Francis has asked aides to get to the bottom of how at least $17 million was transferred from the Vatican’s U.S.-based missionary fundraising coffers into an impact investing vehicle run by a priest.

A view of a former monastery, in Rome, Monday, May 29, 2023, situated on a quiet residential street. It once sheltered Jews fleeing deportation in World War II. Purchased by the Vatican in 2021 as a dormitory for foreign nuns studying at Rome’s pontifical universities, the building now stands empty, a collateral victim of the latest financial scandal to hit the Holy See. A view of a former monastery, in Rome, Monday, May 29, 2023, situated on a quiet residential street.

VATICAN CITY — The former monastery on a quiet residential street in Rome once sheltered Jews fearing deportation during World War II. Purchased by the Vatican in 2021 as a dormitory for foreign nuns studying at Rome’s pontifical universities, the building now stands empty, a collateral victim of the latest

 

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