# Maltese Court Awards IOR €24.1 Million

> Maltese court orders four firms to pay Vatican bank €24.1 million for fiduciary breaches.
- Title: Maltese Court Awards IOR €24.1 Million · Vaticannews
- Summary: Maltese court orders four firms to pay Vatican bank €24.1 million for fiduciary breaches.
- Keywords: maltese court, ior, kappa fund, fiduciary duties, budapest property project, exchange palace, religion, Vaticannews
- Source: Vaticannews — https://vaticannews.va/en/vatican-city/news/2026-11/malta-court-awards-vatican-bank-millions-investment-case.html
- Author: Vatican News
- Published: 2026-11-06T18:57:47.13+00:00
- Read time: 1 min
- Topics: maltese court, ior, kappa fund, fiduciary duties, budapest property project, exchange palace, religion, world
## Maltese court ruling
Maltese court orders four companies to pay IOR €24.1 million for breaching fiduciary duties in Kappa Fund case.
## Defendants named
Optimum Evolution Fund SIF, Optimum Asset Management S.A., Futura Investment Management Limited, and Futura Funds SICAV plc.
## Fiduciary breach ruling
Court found all four companies violated fiduciary duties under Maltese Civil Code Article 1124A.
## Compensation terms
Companies must pay €24.1 million plus 8% interest from judgment date until full payment.
## Key takeaway

Maltese court ruled four companies must compensate IOR €24.1 million for breaching fiduciary duties in Kappa Fund case.