ROME — On the eve of a trial for financial malfeasance connected to the Vatican’s purchase of a property in London, the office that handles most of the Vatican’s investment portfolio, including real estate, made public a summary of its annual budget for the first time. The Administration of the Patrimony of the Holy See, known by its Italian initials APSA, released its budget synthesis July 24, and its president, Bishop Nunzio Galantino, described it as “a step forward in the direction of transparency and sharing.” APSA directly administers 4,051 properties in Italy and entrusts to outside companies the administration of some 1,200 properties in London, Paris, Geneva and Lausanne, Switzerland, the report said.
‘APSA-lute’ transparency: Vatican hopes to quell financial intrigue
‘APSA-lute’ transparency: Vatican hopes to quell financial intrigue
