Sunday, July 4, 2021

Breaking: Cardinal Becciu, associates, to be tried for financial crimes

Becciu Catholic Cardinal crime finance fraud extortion corruption money laundering Vatican

Cardinal Angelo Becciu will face a courtroom this month, as Vatican prosecutors have filed charges against ten individuals in a sprawling Vatican financial scandal under investigation for two years.

Indictments were announced July 3. Trial will begin this month, the Vatican press office said Saturday.

The cardinal and nine other people will face trial on charges including embezzlement, abuse of office, fraud, extortion, corruption, money laundering, and forgery of official documents. Cardinal Becciu is the most senior former Vatican official to face charges, and one of only two clerics to be summoned to trial by the Vatican City state tribunal.

The trials will charge misconduct over years of investments and financial transactions at the Vatican Secretariat of State, culminating in the 2018 purchase of a London investment property. 

The complicated process of purchasing that property allegedly involved extortion, bribes, illegal borrowing and spending, money laundering, document falsification and a host of other alleged crimes by the building’s owners, the sale’s broker, and several Vatican officials, reaching in Becciu the highest levels of Vatican administration.   (more...)

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