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The Vatican has apparently launched an investigation into former Secretary of State, Tarcisio Bertone, who has been accused of embezzlement. This is according to German tabloid Bild, which claims that the cardinal is suspected of embezzling 15 million Euros from Vatican accounts. The newspaper quotes unofficial Vatican sources.
The sum of money Tarcisio Bertone is said to have embezzled was apparently intended for a television production company Lux Vide, which the former Vatican Secretary of State has links with, Bild says. Today the newspaper also revealed that the Vatican is investigating the cardinal for embezzling 15 million Euros. The operation allegedly took place “in December 2012 through a convertible bond.” The transaction apparently went ahead despite resistance from the Vatican bank and under pressure from Bertone.
Financial operations allegedly involving the Vatican's former secretary of state Cardinal Tarcisio Bertone have fallen under the lens of Roman prosecutors and Italian finance police after the Vatican on Tuesday denied a news report that the cardinal was under investigation by Vatican prosecutors for alleged embezzlement.
Rome investigators have "monitored" a number of operations involving the Italian production company Lux Vide, owned by former head of RAI State TV Ettore Bernabei, 93, a veteran producer friend of the 79-year-old cardinal. Those controls fell under a larger probe into the Vatican bank, known as the Institute for the Works of Religion (IOR), regarding suspected violations of anti-money laundering norms.