Mincione used former Vatican fund to invest in mafia-linked bond managed by Torzi company

Washington, D.C. Newsroom, Oct 1, 2020 / 01:00 pm (CNA).- An investment fund created for the Holy See Secretariat of State to invest Church assets was used to purchase millions in a bond of debt products issued by companies, some with alleged mafia links. Both the investment fund and the bond, which packaged hospital receivables into a debt security, were managed by companies belonging to two businessmen at the center of the ongoing Vatican financial scandal.