Posts Tagged ‘Vatican financial scandal’

Businessman with Vatican links a suspect in new hospital fraud case

Thursday, February 24th, 2022

Search warrants have been executed across northern Italy this week by Italian financial police investigating an Italian businessman who is a suspect in racketeering, fraud and criminal corruption. The investigations targeted broker Gianluigi Torzi who, along with four others, is currently on trial in the Vatican. The group are allegedly involved in packaging bad debt Read more

Becciu’s ‘classified’ tech company linked to Trump-Russia allegations

Thursday, February 17th, 2022

The technology company to which Cardinal Angelo Becciu authorised millions of dollars of payments in Australia has been named in an emerging US political scandal, raising new questions about the Vatican’s business with the firm. Neustar, a technology and security company, has been named in pretrial motions filed by John Durham, the special counsel investigating Read more

Pope Francis hopes Cardinal Becciu is innocent of charges in Vatican finance trial

Monday, September 6th, 2021

Pope Francis addressed the Vatican financial scandals in a sit-down radio interview that aired Wednesday, saying he hoped that Cardinal Angelo Becciu is innocent of the charges against him. “I hope with all my heart that he is innocent. Besides, he was a collaborator of mine and helped me a lot. He is a person Read more

Vatican indicts Cardinal Becciu, nine others in London real estate deal

Monday, July 5th, 2021

A Vatican judge on Saturday indicted 10 people, including a once-powerful cardinal, on charges including embezzlement, abuse of office, extortion and fraud. The indictments are 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 Read more

Pope Francis overhauls Vatican financial watchdog

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

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

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

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

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

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