The Vatican Indicts 10, Including A Former Cardinal, Over A London Real Estate Deal
3 years, 5 months ago

The Vatican Indicts 10, Including A Former Cardinal, Over A London Real Estate Deal

NPR  

The Vatican Indicts 10, Including A Former Cardinal, Over A London Real Estate Deal Enlarge this image toggle caption Gregorio Borgia/AP Gregorio Borgia/AP ROME — A Vatican judge on Saturday indicted 10 people, including a once-powerful cardinal, on charges including embezzlement, abuse of office, extortion and fraud in connection with the Secretariat of State's 350-million-euro investment in a London real estate venture. Sponsor Message Five former Vatican officials, including Cardinal Angelo Becciu and two officials from the Secretariat of State, were indicted, as well as Italian businessmen who handled the London investment. Also indicted on alleged embezzlement charges was an Italian intelligence expert accused of buying luxury goods with Holy See money intended to help free Catholic priests and nuns held hostage by rebels in Africa. Sponsor Message Also indicted was a onetime papal contender and Holy See official, Cardinal Angelo Becciu, who helped engineer the initial London investment when he was the chief of staff in the Secretariat of State.

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History of this topic

Vatican Tribunal Convicts Cardinal of Aggravated Fraud and Other Charges
1 month, 3 weeks ago

Vatican Tribunal Convicts Cardinal of Aggravated Fraud and Other Charges

Associated Press  

The Vatican tribunal has convicted a cardinal of aggravated fraud and other charges. The cardinal, Angelo Becciu, faces five and a half years in prison after being convicted of embezzlement, fraud, and other charges stemming from the Vatican's participation in a fund to develop a former Harrod's warehouse into luxury apartments. Becciu was convicted of aggravated fraud for his role …

Vatican chief of staff testifies in UK finance trial, admits to false invoice and blames a deputy
5 months, 2 weeks ago

Vatican chief of staff testifies in UK finance trial, admits to false invoice and blames a deputy

Associated Press  

ROME — Pope Francis’ chief of staff became one of the highest-ranking Holy See officials to testify in a foreign court Thursday, telling a British tribunal about the negotiations at the heart of the Vatican’s so-called “trial of the century,” admitting he filed a false invoice and pointing a finger at his one-time deputy who escaped the scandal unscathed. Archbishop …

The Vatican stands trial in London as a British financier seeks to clear his name in a property deal
5 months, 4 weeks ago

The Vatican stands trial in London as a British financier seeks to clear his name in a property deal

Associated Press  

ROME — The Vatican went on trial in a London court Wednesday, as a British financier sought to recover from the harm he said he suffered to his reputation as a result of a Vatican investigation into its 350 million euro investment in a London property. But Mincione, who remains free pending an appeal, lodged a counter civil claim against …

Vatican prosecutor appeals verdict that largely dismantled his fraud case but convicted cardinal
1 year ago

Vatican prosecutor appeals verdict that largely dismantled his fraud case but convicted cardinal

Associated Press  

VATICAN CITY — The Vatican’s chief prosecutor has appealed a court verdict that largely dismantled his theory of a grand conspiracy to defraud the Holy See of millions of euros but found a cardinal guilty of embezzlement. Prosecutor Alessandro Diddi filed his appeal this week of the three-judge tribunal’s decision in a complicated financial trial that aired the Vatican’s dirty …

Vatican Convicts Cardinal In Financial Crime That Tested Justice System
1 year ago

Vatican Convicts Cardinal In Financial Crime That Tested Justice System

Huff Post  

LOADING ERROR LOADING VATICAN CITY — A Vatican tribunal on Saturday convicted a cardinal of embezzlement and sentenced him to 5 ½ years in prison in one of several verdicts handed down in a complicated financial trial that aired the city state’s dirty laundry and tested its justice system. Prosecutor Alessandro Diddi said the outcome “showed we were correct.” The …

Vatican court convicts cardinal of embezzlement in corruption trial
1 year ago

Vatican court convicts cardinal of embezzlement in corruption trial

The Hindu  

A Vatican court on Saturday convicted Italian Cardinal Angelo Becciu of several counts of embezzlement and sentenced him to five years and six months in jail. Becciu was the highest ranking Church official ever to stand trail before a Vatican criminal court. The 75-year-old, a former adviser to Pope Francis who was once considered a papal contender himself, was the …

A Cardinal is convicted of embezzlement and sentenced to 5½ years in a major Vatican financial trial
1 year ago

A Cardinal is convicted of embezzlement and sentenced to 5½ years in a major Vatican financial trial

Associated Press  

VATICAN CITY — A Vatican tribunal on Saturday convicted a cardinal of embezzlement and sentenced him to 5½ years in prison in one of several verdicts handed down in a complicated financial trial that aired the city state’s dirty laundry and tested its justice system. Prosecutor Alessandro Diddi said the outcome “showed we were correct.” The trial focused on the …

Cardinal is convicted of embezzlement in big Vatican financial trial, sentenced to 5½ years
1 year ago

Cardinal is convicted of embezzlement in big Vatican financial trial, sentenced to 5½ years

LA Times  

A Vatican tribunal on Saturday convicted a cardinal of embezzlement and sentenced him to 5 ½ years in prison in one of several verdicts handed down in a complicated financial trial that aired the city state’s dirty laundry and tested its justice system. Prosecutor Alessandro Diddi said the outcome “showed we were correct.” The trial focused on the Vatican secretariat …

Vatican cardinal accused in financial crimes case says he can’t get a fair trial
1 year, 6 months ago

Vatican cardinal accused in financial crimes case says he can’t get a fair trial

LA Times  

Cardinal Angelo Becciu, shown in 2022, was once one of the most influential Vatican cardinals and a close aide to Pope Francis. A Vatican cardinal on trial in the Holy See’s big financial crimes case alleged Friday that he can’t properly defend himself from “the nightmare of these accusations” because prosecutors have withheld key evidence from the defense. Cardinal Angelo …

Pope sought to lose ‘as little as possible’ in real estate deal, Vatican’s No. 3 testifies
1 year, 9 months ago

Pope sought to lose ‘as little as possible’ in real estate deal, Vatican’s No. 3 testifies

LA Times  

People crowd St. Peter’s Square at the Vatican as Pope Francis recites the Angelus noon prayer from the window of his studio last month. Pope Francis gave clear indications to get out of a disastrous London real estate deal by saying the Vatican must “start over and lose as little money as possible,” an exit strategy that eventually involved paying …

Broker blames ‘irrational’ Vatican choices for London losses
2 years, 6 months ago

Broker blames ‘irrational’ Vatican choices for London losses

Associated Press  

VATICAN CITY — One of the principal figures in the Vatican’s bungled London real estate venture testified Monday that the Holy See would have turned a profit on its valuable investment if it hadn’t pulled its money out of a fund prematurely. Mincione broke two years of silence in testifying before the Vatican’s criminal court, where he and nine other …

Vatican trial places Pope Francis, aides at centre of London deal
2 years, 7 months ago

Vatican trial places Pope Francis, aides at centre of London deal

Al Jazeera  

Vatican prosecutors have accused brokers and Vatican officials of fleecing the Holy See of millions of euros in fees. The former director of the Vatican’s financial watchdog agency testified Wednesday that Pope Francis asked him to help the Vatican Secretariat of State get full control of a London property, once again putting the pope and his top deputies in the …

Vatican sells luxury London building at heart of fraud trial
2 years, 10 months ago

Vatican sells luxury London building at heart of fraud trial

Al Jazeera  

The Vatican’s purchase of the building in London’s Chelsea neighbourhood has been one of the blackest marks on the Vatican’s finances in recent years. The head of the ministry, Father Juan Antonio Guerrero Alves, told Vatican media that the loss from the London building had already been accounted for in the Holy See’s balance sheets. Vatican prosecutors have accused the …

Vatican indicts 10 people for embezzlement, extortion, fraud
3 years, 5 months ago

Vatican indicts 10 people for embezzlement, extortion, fraud

Al Jazeera  

Influential cardinal and nine others to face trial in connection with 350m euro investment in London property venture. A Vatican judge has indicted 10 people, including a once-powerful cardinal, on charges including embezzlement, abuse of office, extortion and fraud in connection with a 350 million-euro investment in a London real estate venture. Five former Vatican officials, including Cardinal Giovanni Angelo …

Cardinal Pell eyes a Vatican scandal he suspected long ago
3 years, 7 months ago

Cardinal Pell eyes a Vatican scandal he suspected long ago

Associated Press  

ROME — Cardinal George Pell is enjoying his first Roman spring since being exonerated of sex abuse charges in his native Australia: He receives visitors to his Vatican flat, sips midday Aperol spritzes at the outdoor cafe downstairs and keeps up religiously with news of a Holy See financial scandal that he suspected years ago. “I’ve become very Italian,” Pell …

Vatican convicts ex-bank chief in property embezzlement scam
3 years, 11 months ago

Vatican convicts ex-bank chief in property embezzlement scam

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Vatican’s criminal tribunal on …

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