Free Republic

Pell was reportedly reprimanded for “interfering in sovereign business” by looking into the Vatican Secretariat of State’s dealings with a Swiss bank with a long track record of violating fraud safeguards.The Holy See’s relationship with a disreputable Swiss bank triggered an internal dispute between the Secretariat of State and Vatican financial authorities. At the center of the conflict was a multimillion-dollar line of credit used to fund a controversial investment in London property speculation. Sources inside the Vatican’s Prefecture for the Economy confirmed to CNA that a substantial part of the $200 million used to finance the Secretariat of State’s...