Posts Tagged Cardinal Angelo Becciu
A cardinal is convicted of embezzlement and sentenced to 5 1/2 years in a major Vatican financial trial / Associated Pres
Posted by Voice of the Faithful in Catholic Bishops, financial transparency, Vatican, Voice of the Faithful on December 18, 2023
The trial focused on the Vatican secretariat of state’s 350 million euro investment in developing a former Harrod’s warehouse into luxury apartments. Prosecutors alleged Vatican monsignors and brokers fleeced the Holy See of tens of millions of euros in fees and commissions and then extorted the Holy See for 15 million euros to cede control of the building.
By Nicole Winfield, Associated Press
“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.
“Cardinal Angelo Becciu, the first cardinal ever prosecuted by the Vatican criminal court, was absolved of several other charges and his nine co-defendants received a mixed outcome of some guilty verdicts and many acquittals of the nearly 50 charges brought against them during a 2½ year trial.
“Becciu’s lawyer, Fabio Viglione, said he respected the sentence but would appeal.
“Prosecutor Alessandro Diddi said the outcome ‘showed we were correct.'”
By Nicole Winfield, Associated Press — Read more …
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 …
Voice of the Faithful
A lay movement for governance reform in the Roman Catholic Church, responding to the clergy sexual abuse scandal and supporting survivors.
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