The Jan. 21 hearing will also include Caloia’s lawyer, the 96-year-old Gabriele Liuzzo, and Liuzzo’s son, Lamberto Liuzzo. The lawyer was tried on the same charges as Caloia and is also facing a possible eight years in prison. His son was tried for money laundering and self-laundering and may get up to six years in prison, according to the HuffPost.
Diddi also reportedly asked for the confiscation of 32 million euros ($39 million) already seized from the accounts of Caloia and Gabrielle Liuzzo also at the institute.
In addition, Diddi is said to have requested the confiscation of the equivalent of a further 25 million euros ($30 million).
The Vatican court ordered Caloia and Liuzzo to stand trial in March 2018. It accused them of participating in “unlawful conduct” from 2001 to 2008 during “the disposal of a considerable part of the institute’s real estate assets.”
The HuffPost said that the two men allegedly sold the IOR’s real estate assets to themselves through offshore companies and firms in Luxembourg via “a complex shielding operation.”
Former IOR director general Lelio Scaletti, who died on Oct. 15, 2015, was part of the original investigation, launched in 2014 after complaints were lodged by the IOR.
In February 2018, the institute announced that it had joined a civil suit, in addition to the criminal proceedings, against Caloia and Liuzzo.
The trial began on May 9, 2018. At the first hearing, the Vatican court announced plans to appoint experts to assess the value of properties that Caloia and Liuzzo were accused of selling at below-market rates, while allegedly making off-paper agreements for higher amounts to pocket the difference.
Caloia was present at the nearly four-hour hearing, though Liuzzo was absent, citing his age.
According to the HuffPost, hearings over the next two and a half years drew on appraisals by the Promontory Financial Group, at the request of Ernst von Freyberg, IOR president from February 2013 to July 2014.
