Vatican archbishop overseeing World Meeting of Families under investigation for embezzlement

From Philly.com: 

The Vatican archbishop in charge of overseeing the World Meeting of Families is reportedly under investigation for possible embezzlement, according to several European news organizations. Archbishop Vincenzo Paglia, president of the Pontifical Council for the Family, reportedly bought a 14th-century castle in Umbria at an artficially low price with the intention of reselling it for a profit a full market value. “The alleged scam would have netted a profit” of about $4.4 million, according to the British newspaper The Independent. The Archdiocese of Philadelphia, which is hosting the ninth triennial World Meeting of Families here in September, issued a statement Friday saying the investigation of Paglia did not appear to affect planning for the meeting.