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CORRUPTION

Vatican froze €2 million in 2016 corruption fight

The Vatican froze some two million euros in suspect funds last year as part of Pope Francis's war against money laundering in the Holy See, its chief magistrate said Saturday.

Vatican froze €2 million in 2016 corruption fight
Photo: Joel Saget/AFP

Promoter of Justice Gian Pietro Milano said the funds (some $2.1 million) were part of a total of around 13 million euros frozen between 2013 and 2016.

Last year the Holy See's financial watchdog, the Financial Information Authority (AIF), said it had closed nearly 5,000 suspect accounts as part of a three-year examination of the once murky Vatican bank.

The Institute of Religious Works (IOR), as the bank is known, became notorious around the world because of a 1980s scandal centred on the death of banker Roberto Calvi, whose corpse was discovered hanging under Blackfriars bridge in London.

The AIF was established in 2010 by now-retired Pope Benedict XVI to bring the Vatican's financial institutions into line with international standards designed to reduce the risk of accounts being used for nefarious purposes.

Francis boosted the AIF's power after his election in 2013.

The Vatican had also signed up for external evaluation by Moneyval, a European body that combats money laundering and the financing of terrorism.

Moneyval reported in 2015 that the Vatican had addressed most of itsstructural weaknesses.

But it also questioned why no indictments or prosecutions had ensued as a result of the evidence of wrongdoing gathered and handed to prosecutors.

Milano said 23 cases of suspected financial crimes had been flagged up by the AIF between 2012 and 2016.

Six had since been dismissed, while 17 were still being investigated.

CORRUPTION

Barçagate: Police raid FC Barcelona offices and arrest former president

Police raided the offices of FC Barcelona on Monday, carrying out several arrests just six days ahead of the club's presidential elections, a Catalan regional police spokesman told AFP.

Barçagate: Police raid FC Barcelona offices and arrest former president
Barcelona's former president Josep Maria Bartomeu is among the arrested. Photo: Josep Lago/AFP

Spain's Cadena Ser radio said one of those arrested was former club president Josep Maria Bartomeu, who resigned in October, along with CEO Oscar Grau and the club's head of legal services.

But the police refused to confirm names, saying only “arrests are taking place” and adding that the operation was being run by officers from the financial crimes unit.

“We are in the process of carrying out an operation right now with agents of the financial crimes unit,” the police spokesman told AFP.

According to reports in the Spanish media, the operation is linked to last year's investigation into the 'BarçaGate' scandal, which saw the club deny hiring a company to criticise current and former players on social media to improve the image of the then-president Bartomeu.

Cadena Ser said Barca paid €1 million in six separate invoices to the company I3 Ventures, with whom the club have since cut ties.

Bartomeu resigned in October, after mounting pressure following months of controversy and a dramatic decline in performances on the pitch.

His successor is due to be elected on Sunday, when club members will choose between the final three candidates, Joan Laporta, Toni Freixa and Victor Font.

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