October 4, 2022

AndronETalksNews

AndronETalksNews

Behind the Vatican’s London real estate scandal and charges faced by senior officials like Cardinal Angelo Becciu

abc.net.au – News

July 3, 2021

The Vatican has set the trial date for 10 people, including Cardinal Angelo Becciu, on charges related to the Holy See’s 350 million euro investment in a luxury London real estate venture. 

The 487-page indictment request caps a two-year investigation exposing how the Vatican lost millions of euros — much of it donations from the faithful — in fees to brokers, bad investments and other questionable expenses.

Beyond that, prosecutors allege the defendants were variously involved in extortion, embezzlement, abuse of office and corruption for swindling millions of euros from the Holy See in fees, bad investments and other losses related to financial dealings. The suspects have denied wrongdoing.

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