“The report is several dozen pages long and gives an account of the activities of the Vatican's financial watchdog over a "particularly intense" year. In the words of its president, Carmelo Barbagallo, 2020 has been a year "of important and profound changes" for ASIF.”
“While going through the 487 pages of the dizzying investigative report in which magistrates retrace how the Vatican was scammed in the so-called "London Affair", one particular detail stands out. It consists of two words: "Floppy disk".”
“The scene is the medieval-looking tower of the Institute for the Works of Religion (IOR)="Vatican Bank", It was here in March 2019 that a request for a 150 million euros loan landed before IOR's board of directors. The applicant? The Secretariat of State of the Holy See.”