Primary Country (Mandatory)

Other Country (Optional)

Set News Language for United States

Primary Language (Mandatory)
Other Language[s] (Optional)
No other language available

Set News Language for World

Primary Language (Mandatory)
Other Language(s) (Optional)

Set News Source for United States

Primary Source (Mandatory)
Other Source[s] (Optional)

Set News Source for World

Primary Source (Mandatory)
Other Source(s) (Optional)
  • Countries
    • India
    • United States
    • Qatar
    • Germany
    • China
    • Canada
    • World
  • Categories
    • National
    • International
    • Business
    • Entertainment
    • Sports
    • Special
    • All Categories
  • Available Languages for United States
    • English
  • All Languages
    • English
    • Hindi
    • Arabic
    • German
    • Chinese
    • French
  • Sources
    • India
      • AajTak
      • NDTV India
      • The Hindu
      • India Today
      • Zee News
      • NDTV
      • BBC
      • The Wire
      • News18
      • News 24
      • The Quint
      • ABP News
      • Zee News
      • News 24
    • United States
      • CNN
      • Fox News
      • Al Jazeera
      • CBSN
      • NY Post
      • Voice of America
      • The New York Times
      • HuffPost
      • ABC News
      • Newsy
    • Qatar
      • Al Jazeera
      • Al Arab
      • The Peninsula
      • Gulf Times
      • Al Sharq
      • Qatar Tribune
      • Al Raya
      • Lusail
    • Germany
      • DW
      • ZDF
      • ProSieben
      • RTL
      • n-tv
      • Die Welt
      • Süddeutsche Zeitung
      • Frankfurter Rundschau
    • China
      • China Daily
      • BBC
      • The New York Times
      • Voice of America
      • Beijing Daily
      • The Epoch Times
      • Ta Kung Pao
      • Xinmin Evening News
    • Canada
      • CBC
      • Radio-Canada
      • CTV
      • TVA Nouvelles
      • Le Journal de Montréal
      • Global News
      • BNN Bloomberg
      • Métro
Pope warns of risk of corruption in missionary fundraising after AP investigation

Pope warns of risk of corruption in missionary fundraising after AP investigation

CTV
Saturday, June 03, 2023 04:53:17 PM UTC

Pope Francis warned the Vatican's missionary fundraisers on Saturday not to allow financial corruption to creep into their work, insisting that spirituality and spreading the Gospel must drive their operations, not mere entrepreneurship.

Pope Francis warned the Vatican's missionary fundraisers on Saturday not to allow financial corruption to creep into their work, insisting that spirituality and spreading the Gospel must drive their operations, not mere entrepreneurship.

Francis made the comments in a speech to the national directors of the Vatican's Pontifical Mission Societies, which raise money for the Catholic Church's missionary work in the developing world, building churches and funding training programs for priests and nuns. Deviating from his prepared remarks, Francis appeared to refer to a recent Associated Press investigation into financial transfers at the U.S. branch of the Pontifical Mission Societies: The former head oversaw the transfer of at least US$17 million from a quasi-endowment fund and donations into a nonprofit and private equity fund that he created and now heads. The intiatives provide low-interest loans to church-run agribusinesses in Africa.

"Please don't reduce POM to money," Francis said, referring to the Italian acronym of the Pontifical Mission Societies. "This is a medium, a means. Does it require money? Yes, but don't reduce it, it is bigger than money."

He said if spirituality isn't driving the Catholic Church's missionary efforts, there is a risk of corruption.

"Because if spirituality is lacking and it's only a matter of entrepreneurship, corruption comes in immediately," Francis said. "And we have seen that even today: In the newspapers, you see so many stories of alleged corruption in the name of the missionary nature of the church."

The Vatican has said it is seeking clarity on the transfers at the U.S. branch, which appear to be fully legal since the previous board approved them. The AP investigation uncovered no evidence of corruption, though a legal investigation commissioned by the branch's new national director, Monsignor Kieran Harrington, suggested the former head may have omitted information, or glossed over Vatican concerns, in his presentations to the board that ultimately approved the transfers, officials said.

The legal review determined that the transfers were approved in ways consistent with the board's powers and bylaws at the time, the society said in a statement to AP. After the review, Harrington replaced the staff and board of directors who approved the transfers, and overhauled its bylaws and statutes, to make sure nothing like it ever happens again.

Read full story on CTV
Share this story on:-
More Related News
© 2008 - 2025 Webjosh  |  News Archive  |  Privacy Policy  |  Contact Us