Article: Texas sues Bishop Gracida; he sues back. (Corpus Christi Bishop Rene H. Gracida is accused of conflict of interest in the administration of a charitable fund)(includes related article about the origins of the fund)

Texas authorities have brought suit against Corpus Christi Bishop Rene H. Gracida -- who as president of a controversial, multimillionaire-dollar foundation, funneled more than $100 million to his diocese in 12 years -- charging that he "manipulated the grant process" and breached his fiduciary duty.

According to the suit, filed May 2 in Travis County by the Texas state attorney general's office, Gracida's involvement in the fund is laced with conflicts of interest and improprieties, including the diversion of funds from charity for the purchase of a for-profit television station. The suit again draws attention to one of the more controversial major U.S. foundations ...

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