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Two ex-managers of Vatican bank ordered to pay damages for mismanagement

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Catholic News Service

VATICAN CITY  — A Vatican court found two former top managers of the Vatican bank liable for mismanagement and ordered an injunction for them to pay damages.

The sentence was announced Feb. 6 by the bank, formally known as the Institute for the Works of Religion, or IOR in Italian. It did not specify the amount it is seeking in damages, but the Italian news agency ANSA said the damages the bank incurred totaled about 47 million euro (about $58 million). Read more »

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