Insight - Vatican bank's TV investment loss showed cardinal's power


  • World
  • Tuesday, 05 Aug 2014

Pope Emeritus Benedict XVI is greeted by Cardinal Tarcisio Bertone (R) as he arrives to attend a consistory ceremony in Saint Peter's Basilica at the Vatican February 22, 2014. REUTERS/Max Rossi

VATICAN CITY (Reuters) - Two years ago, the Vatican bank invested 15 million euros in an Italian television company that makes family movies, including films about popes and a series about a bike-riding country priest who helps police solve crimes.

The Vatican's then Secretary of State Tarcisio Bertone ordered the investment in Lux Vide SpA, which he said shares the Holy See's "lofty goal of evangelisation".

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