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VATICAN CITY — Using costly methods that appear deceptive, Vatican officials diverted 50 million euros belonging to the Bambino Gesù children’s hospital in Rome to guarantee a loan for the same amount to a bankrupt Italian dermatology hospital in 2014, despite warnings from the cardinal appointed to oversee financial transparency not to go ahead with the transaction.
According to documents seen by the Register, the officials, including two lay consultants who received six-figure commissions on top of their other salaries for their efforts, worked with two Curial cardinals to arrange for the Bambino Gesù hospital, which is under Vatican authority, to guarantee the loan to the Istituto Dermopatico dell’Immacolata (IDI).”