Vatican City, 29 November, 2019 / 10:40 pm (ACI Africa).
The president of a foundation at the center of a Vatican financial scandal provided new details Thursday on the Vatican central bank loans that funded the purchase of a bankrupt hospital. He also claimed that controversial grants made by the U.S. based Papal Foundation were used to support the hospital's expenses, not to repay its debts.
Antonio Maria Leozappa, president of the Fondazione Luigi Maria Monti, sent a Nov. 29 letter to Vatican journalist Sandro Magister. The letter aimed to offer “clarification and rectification” on the reported use of funds from APSA, the Vatican’s central bank, in the foundation’s 2015 purchase of the Istituto Dermopatico dell’Immacolata (IDI).
The letter also addressed the reported misuse of funds from Rome’s Bambino Gesu hospital, and a grant from the U.S. based Papal Foundation.
CNA has reported that the foundation’s purchase of the IDI was partially funded with a 50 million euro loan from APSA. On Nov. 20, Cardinal Pietro Parolin, Vatican Secretary of State confirmed to CNA that he had arranged the 50 million euro APSA loan.
Leozappa’s Nov. 28 letter explained that the controversial APSA loan was not made to the foundation directly, but to an “endowment fund” of the Congregation of the Sons of the Immaculate Conception, the religious order that originally owned the hospital and is a partner of the foundation.