Vatican bank's former chief found guilty of money laundering, sentenced to nearly 9 years in prison

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The former head of the Vatican bank, Angelo Caloia, has been sentenced to nearly nine years in prison for money laundering and aggravated embezzlement.

The 81-year-old was handed an eight year, 11 month jail term on Thursday, making him the highest-ranking Vatican official to be convicted of a financial crime. His lawyer is appealing his sentence.

The Vatican court also convicted the two lawyers. Gabriele Liuzzo, 97, received the same sentence as Caloia. Liuzzo's son, Lamberto Liuzzo, age 55, was handed a five years, two month term. In September 2020 Giovanni Angelo Becciu, one of the Vatican's powerful cardinals, resigned from his post amid financial scandal.

 

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