Archive for July 6th, 2021
Vatican indicts 10, including a cardinal, in London deal / Associated Press
Posted by Voice of the Faithful in Catholic Church Finances, financial transparency, Pope Francis, Vatican, Voice of the Faithful on July 6, 2021
Five former Vatican officials, including Cardinal Angelo Becciu and two officials from the Secretariat of State, were indicted, as well as the Italian businessmen who handled the investment.Associated Press
“A Vatican judge on Saturday (Jul. 3) 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.
“The president of the Vatican’s criminal tribunal, Giuseppe Pignatone, set July 27 as the trial date, though lawyers for some defendants questioned how they could prepare for trial so soon given they hadn’t yet formally received the indictment.
“The 487-page indictment request was issued following a sprawling, two-year investigation into how the Secretariat of State managed its vast asset portfolio, much of which is funded by donations from the faithful. The scandal over its multimillion-dollar losses has resulted in a sharp reduction in donations and prompted Pope Francis to strip the office of its ability to manage the money.
“Five former Vatican officials, including Cardinal Angelo Becciu and two officials from the Secretariat of State, were indicted, as well as the Italian businessmen who handled the investment.”
By Nicole Winfield, Associated Press — Read more …