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Oct 16, 2013
via FaithWorld

Finance scandal spurs German Catholic bishops to reveal secret funds

Photo

(Cologne cathedral and the Hohenzollern train bridge over the Rhine river in this October 16, 2005 picture. REUTERS/Ina Fassbender/)

German Catholic bishops are scrapping centuries of secrecy and reporting the value of their private endowments as a scandal caused by a free-spending prelate puts pressure on them for more financial transparency.

Oct 16, 2013

Finance scandal spurs German bishops to reveal secret funds

PARIS, Oct 16 (Reuters) – German Catholic bishops are
scrapping centuries of secrecy and reporting the value of their
private endowments as a scandal caused by a free-spending
prelate puts pressure on them for more financial transparency.

Limburg Bishop Franz-Peter Tebartz-van Elst – dubbed “the
luxury bishop” – has shocked the Church by admitting six-fold
cost overruns on construction of his luxurious new residence,
which is now priced at 31 million euros, most of which will be
paid from his ample reserves.

Oct 15, 2013
Oct 15, 2013