Angelo Caloia, 81, becomes highest-ranking Vatican official convicted of financial crime
A former head of the Vatican bank has been convicted of embezzlement and money laundering and sentenced to nearly nine years in prison.
Angelo Caloia, 81, was president of the bank – officially known as the Institute for Works of Religion (IOR) – between 1999 and 2009. A Vatican court sentenced him on Thursday to eight years and 11 months in jail after he became the highest-ranking Vatican official to be convicted of a financial crime.
