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It marked the first time Cardinal Pietro Parolin has been heard during the two and a half year-long trial, despite the fact that decisions in the disputed $400 million real estate transaction in London were approved by Parolin on multiple occasions.
This week, the three-judge panel overseeing the case heard from lawyers representing the civil parties, each of whom advanced requests for compensation related to losses allegedly sustained as a result of the defendants’ conduct.
A crucial question the trial has raised is how much did Pope Francis know about the shady investment scheme?
Attorney Roberto Lipari, representing the Institute for the Works of Religion, better known as the “Vatican bank,” asked that the defendants be compelled to pay the bank roughly $1 million for “moral and reputational damage.”
As the Vatican’s financial “trial of the century” draws slowly toward its conclusion, at attorney for the Vatican bank, the Institute for Religious Works (IOR), told a Vatican tribunal that the officials of the Secretariat of State invested large sums “without any control or accuracy.