National Catholic Register News
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While the circumstances surrounding the property’s purchase are the focus of the ongoing trial in the Vatican courts, with accusations of fraud and embezzlement against 10 people, the question of how Peter’s Pence has been raised requires a look behind the scenes.
Donations from Catholics made up 44.4 million euros and 2.5 million euros came from other sources.
Peter’s Pence is the Holy See’s annual collection to finance the Pope’s charitable works and other priorities, including the Roman Curia.
In an interview released Saturday, the 72-year-old Italian bishop acknowledged that “errors” had contributed to the Vatican’s losses.
Peter’s Pence is the papal charitable fund supported by annual donation appeals in Catholic parishes around the world.
According to the Italian newspaper Corriere della Sera, the investment in the film came via Vatican funds channeled through a Malta-based investment fund run by an Italian financier who lives in Switzerland.
Lack of transparency over Peter’s Pence and expenditures on canonization causes are the two leading issues, in the wake of the publication of new books based on Vatican leaks.
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