Christian Brothers Allegedly Shifted 26 Properties Worth $50 Million for $1 as Abuse Claims Mount
Updated
Updated · ewtnnews.com · Jun 30
Christian Brothers Allegedly Shifted 26 Properties Worth $50 Million for $1 as Abuse Claims Mount
1 articles · Updated · ewtnnews.com · Jun 30
Summary
$1 and $0 transfers moved 26 New South Wales properties from the Christian Brothers to Edmund Rice Education Australia between 2013 and 2024, with the assets now allegedly worth well over $50 million.
The Guardian said the properties sit outside the order's proposed asset sell-off even as Christian Brothers Oceania Province seeks to distribute about $216 million to abuse victims and to fund care for its remaining brothers.
Edmund Rice Education Australia told the newspaper it is a separate legal entity created in 2007 to steward schools and would not sell property to help fund the settlement.
A Christian Brothers spokesperson said current advisers were not involved in the transfers and that the deals would face scrutiny as the order confronts closure pressures tied to its abuse history.