The conviction of the
former directors of the IOR Paolo Cipriani and Massimo Tulli
was confirmed on appeal .
The Court of Appeal fully recognized the reasons of the Institute for Works of Religion and sentenced Cipriani and Tulli - respectively former director and deputy director general of the 'Vatican bank' - to compensate him around 40 million euros.
The IOR communicates it.
The sentence with which the Vatican Court of Appeal wholly rejected the requests of the former director general and deputy director of the Institute was filed on
January 18, 2022
and, fully confirming the sentence issued in the first instance against them, sentenced them to compensate the IOR for the damage caused by them, which it paid in euro
35,740,587
by way of emerging damage, as well as euro
4,799,445
by way of loss of profit (therefore for a total of euro 40,540,032, plus monetary devaluation and interest legal).
The Court has
charged the appellants with the costs of the proceedings
, including those relating to the first instance. The judgment concerns the
'bad gestures'
with which Paolo Cipriani and Massimo Tulli arranged some investments of the Institute between 2010 and 2013, and which immediately proved to be harmful as they are problematic and, in several cases, even
illegitimate and subject of criminal proceedings
.
"The judgment follows a
profound work of renewal and transformation of the Institute
in implementation of the important reforms of the Vatican financial sector and of the Holy See - underlines the IOR -, thanks to which the Institute was able to identify the abuses committed against it and to defend one's own patrimony, which is then the patrimony of the Church ".
It was the first of its kind within the Vatican City State, which served as a forerunner to other similar cases, still ongoing.
