High bail set for financier involved in Vatican real-estate scandal (Bloomberg)

A British judge has set bail £1.1 million ($1.6 million) for Gianluigi Torzi, the Italian investor at the center of a Vatican real-estate scandal. The judge explained that he set the bail figure high because Torzi—who faces criminal charges in Italy, as well as Vatican complaints—represents a flight risk. The judge noted that Torzi’s financial holdings are “opaque,” in reference to his complicated transactions.