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IDI Hospital
IDI Foundation President Gives New Detail on Vatican Loans for Hospital Purchase
Antonio Maria Leozappa, president of the Fondazione Luigi Maria Monti, issued a letter to offer “clarification and rectification” on the reported use of funds from APSA in the foundation’s 2015 purchase of the Istituto Dermopatico dell’Immacolata (IDI).
Cardinal Parolin Says He Arranged Controversial Hospital Loan, Papal Foundation Grant
The Vatican Secretary of State told CNA this week that he is responsible for arranging a controversial loan for the purchase of a bankrupt Italian hospital, and that he arranged with Cardinal Donald Wuerl a grant from the U.S.-based Papal Foundation to cover the loan when it could not be repaid.
McCarrick: Foundation ‘irresponsible’ to Question Controversial Vatican Grant
McCarrick made the intervention in December 2017, after objections were raised to the Vatican’s request of $25 million from the Papal Foundation, for a bankrupt Italian hospital, the Istituto Dermopatico dell’Immacolata (IDI).
Vatican Cardinals Linked to Missing Millions and Financial Scandal
Cardinal Angelo Becciu and Cardinal Giuseppe Versaldi have been key players in a complicated series of financial transactions to finance the Vatican Secretariat of State’s 2015 acquisition of the hospital.
