Rome Newsroom, Jan 15, 2021 / 13:00 pm
The Vatican court is due to hold a sentence hearing next week in a criminal trial against the former president of the Institute for Religious Works.
Angelo Caloia, the 81-year-old ex-president of the institute commonly known as the “Vatican bank,” has been on trial for two years for money laundering and self-laundering, and embezzlement.
The HuffPost reported last month that the Vatican’s Promoter of Justice, Alessandro Diddi, is seeking an eight-year jail term for Caloia, the first time the Vatican has sought a prison sentence for financial crimes.
The Jan. 21 hearing is reportedly being held to issue the court’s sentence after the two-year trial.
Caloia was president of the institute -- also known by its Italian initials, IOR -- from 1989 to 2009.
The Jan. 21 hearing will also include Caloia’s lawyer, the 96-year-old Gabriele Liuzzo, and Liuzzo’s son, Lamberto Liuzzo. The lawyer was tried on the same charges as Caloia and is also facing a possible eight years in prison. His son was tried for money laundering and self-laundering and may get up to six years in prison, according to the HuffPost.
Diddi also reportedly asked for the confiscation of 32 million euros ($39 million) already seized from the accounts of Caloia and Gabrielle Liuzzo also at the institute.
In addition, Diddi is said to have requested the confiscation of the equivalent of a further 25 million euros ($30 million).