Former head of Vatican bank guilty of embezzlement, money laundering - court

Source:-Newzee

A Vatican court on Thursday (January 21) convicted Angelo Caloia, a former head of the Vatican bank, on charges of embezzlement and money laundering and handed down an eight-year, 11-month jail sentence.

Caloia, who was president of the bank between 1999 and 2009, is the highest ranking Vatican official to be convicted of a financial crime.