Posts Tagged ‘Vatican financial scandal’

Pope Francis overhauls Vatican financial watchdog Comments 0

Thursday, December 10th, 2020
Vatican financial watchdog

Pope Francis has revamped the Vatican financial watchdog to establish “supervision aimed at the prevention and countering of money laundering and the financing of terrorism.” Under the pope’s plan, the agency will be split into three parts, the Vatican said on Saturday. They are vigilance, rules and legal affairs, and financial information. The Vatican’s Financial Read more

Level of Vatican financial ‘criminality’ surprised Cardinal Pell Comments 0

Thursday, December 3rd, 2020
Cardinal George Pell has spoken of his surprise at the apparent extent of ‘criminality’ involved in recentVatican financial scandals

Cardinal George Pell has spoken of his surprise at the apparent extent of ‘criminality’ involved in recent Vatican financial scandals. “I didn’t know that there was so much criminality involved,” Pell said. He was speaking to the AP before the Dec. 15 release of the first volume of his jailhouse memoir, ‘Prison Journal.’ The book Read more

Sacked Vatican cardinal Becciu seeking €10m damages Comments 0

Monday, November 23rd, 2020
becciu seeking damages

Cardinal Angelo Becciu is seeking €10m (NZ$17m) damages against an Italian media outlet saying the publication ruined his chances of becoming pope. The Vatican cardinal was sacked by Pope Francis in September, amid a corruption investigation. He is suing Italian news magazine L’Espresso, claiming that by ruining his reputation his chance of becoming pope was Read more

Australian corruption watchdog dismisses Vatican speculation in Pell case Comments 0

Monday, November 16th, 2020
Vatican speculation Pell

An Australian anti-corruption agency said it was not investigating speculation about the transfer of Vatican funds to Australia in the Cardinal Pell case. The anti-corruption agency statement contradicts Italian media speculation that the money might be linked to the overturned convictions of Cardinal George Pell for child sex abuse. Last month, several Italian newspapers reported Read more

Woman arrested in connection with the latest Vatican financial scandal Comments 0

Thursday, October 15th, 2020

A woman arrested on Tuesday in connection with the latest Vatican financial scandal is said to be one of the sacked Vatican Cardinal Angelo Becciu’s staff. Becciu, a former top Vatican official was fired last month by Pope Francis, who accused him of embezzlement and nepotism. Becciu has denied all wrongdoing. Cecilia Marogna (39) was 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

Making sense of the Vatican’s looming financial scandal Comments 0

Thursday, October 10th, 2019

Last week, the Vatican released a mysterious statement acknowledging a raid by Vatican police on the offices of its Secretariat of State and of its financial watchdog agency, saying it was carried out by judicial order by the Vatican tribunal and with permission from unspecified “superiors.” The Secretariat of State is the most powerful department Read more