What happened?
the financial irregularities which Cardinal George Pell tried to resolve have persisted, according to sources who spoke to the National Catholic Register.
Cardinal Pell reportedly found that APSA, which handles the Vatican’s financial and real estate assets, was moving large sums through offshore accounts.
Why was it under-reported?
in short, financial news is very hard to make interesting – being both complex and filled with unanswered questions. But there is a lot to ask questions about. Cardinal Pell’s inquiries into APSA were deliberately blocked, according to the Register’s sources, who said there was “highly irregular” financial activity which never came to light. But Tommaso di Ruzza, head of APSA’s then regulator, said there were no “illicit accounts”.
