PHILADELPHIA (CBS) — The top Vatican official leading the World Meeting of Families coming to Philadelphia in September is denying charges that he allegedly participated in a property scam that could have netted millions in profit.

Italy’s leading newspaper names Archbishop Vincenzo Paglia as one of ten people under investigation.

Italian prosecutors allege that Paglia and others used funds illegally from the diocese to buy an expansive property for one-third of its value in 2012 with the intention of selling it for millions.

Paglia denies any wrong-doing, saying he has full confidence in the system of justice.

Archbishop Charles J. Chaput released the following statement: ‘I was saddened to learn of the recent news regarding Archbishop Vincenzo Paglia and will pray for him. At the same time, I assure everyone that matters facing him do not impact our plans for September. We continue to work without interruption and joyfully anticipate welcoming our Holy Father and the world to Philadelphia later this year.’

Organizers from the World Meeting of Families Philadelphia released this statement regarding the accusations: ‘Although the news received today regarding Archbishop Paglia is troubling, it does not affect the World Meeting of Families Philadelphia 2015.’