Posts Tagged ‘Vatican finances’

‘Security consultant’ appeals extradition to the Vatican Comments 0

Monday, October 19th, 2020

A self-described geopolitical analyst at the center of the most recent Vatican financial scandal is being held in an Italian jail pending extradition to the Vatican. Cecilia Marogna was arrested October 13 by Italian financial authorities after a warrant was issued by Vatican prosecutors through Interpol. Marogna has said she worked for the Holy See’s Read more

Timing of Pell’s return to Rome and Becciu’s resignation coincidental Comments 0

Monday, October 5th, 2020

There is no connection between the timing of Cardinal George Pell’s return to Rome and the recent resignation of Cardinal Angelo Becciu. Pell and Becciu were known rivals in the bid to reform the finances of the Holy See before Pell returned to Australia to face child sex abuse charges. “There is no connection between Read more

Vatican finances must be like a house of glass Comments 0

Monday, October 5th, 2020

The economy of the Holy See should be transparent like a house of glass, says Vatican Secretariat for the Economy prefect Fr. Juan A. Guerrero SJ. He made the comment when the Secretariat released the 2019 balance sheet for the Roman Curia last Thursday. “We want the budget to explain how the Holy See uses Read more

Vatican Cardinal accused of flicking funds to Australia during Pell trial Comments 0

Monday, October 5th, 2020

According to Italian media, recently-sacked Cardinal Giovanni Angelo Becciu allegedly sent funds covertly to Australia during Cardinal George Pell’s child sex-abuse trial. Denying the claims, Becciu issued a strongly worded statement saying: “I categorically deny interfering in any way in the trial of Cardinal Pell.” Becciu called the allegations against him “surreal” and a misunderstanding. Read more

Cardinal Pell has returned to Rome – but why? Comments 0

Thursday, October 1st, 2020

Cardinal George Pell has returned to Rome. It is the first time Pell has returned to the Holy See since 2017, since he left to face historic child abuse charges. In 2014 Pope Francis appointed Pell, then aged 73, to lead the Vatican Secretariat of State. His role was to reform the Vatican’s finances. However, Read more

Allegations mount against Vatican’s Cardinal Angelo Becciu Comments 0

Thursday, October 1st, 2020

A new probe into Vatican finances coincided with the resignation of Cardinal Angelo Becciu (pictured) last week. His resignation followed an unscheduled meeting with the pope. Francis told him he had lost his trust and ordered him to step down. News of Becciu’s resignation was followed by reports that Italian businessman Gianluigi Torzi has provided Read more

Decline in Vatican tourism forces pope to cutback Comments 0

Thursday, September 10th, 2020

The Vatican tourism revenue has been hit hard by the pandemic. Like other major visitor hotspots, the Vatican is predicting big losses and has had to make cutbacks. The museums (which include the Sistine Chapel) cost about €20 (about $NZ35) to visit. Normally, tens of thousands of people arrive every day, generating millions of dollars Read more

Vatican finance appointee expects integrity Comments 0

Monday, August 17th, 2020

To be credible, the Vatican’s finances need to show integrity, be transparent and have set of values that everyone can operate under, says a recent appointee to the Holy See’s Council for the Economy. Leslie Ferrar, is one of six women Pope Francis appointed to the board overseeing the Holy See’s finances. Reforming the Vatican’s Read more

Vatican jails Italian banker for extortion Comments 0

Thursday, June 11th, 2020

The Vatican has jailed an Italian banker for extortion, embezzlement, aggravated fraud and money laundering. The arrest warrant for Gianluigi Torzi, who had acted as an intermediary for the Holy See in the 2018 purchase of a luxury building in London, was issued last week by the Vatican’s civil court. It has been carrying out Read more

Vatican police arrest Italian in investigation of London real estate deal Comments 0

Monday, June 8th, 2020

Vatican police on Friday arrested Gianluigi Torzi, an Italian middleman who was part of a controversial deal in which the Vatican used Church money to purchase a luxury building in London as an investment. Torzi, who was arrested after questioning by Vatican magistrates, was accused of extortion, embezzlement, aggravated fraud and money laundering, the Vatican Read more