Posted on 07/13/2022 5:45:33 PM PDT by marshmallow
The fallout from the financial scandal continues with Cardinal Becciu in the midst of his corruption trial and denying all wrongdoing.
VATICAN CITY (LifeSiteNews) – The Vatican announced Friday that it sold the London property at the center of an ongoing corruption trial involving prominent Cardinal Giovanni Angelo Becciu.
In a July 1 press release, the Holy See announced the sale of the London property that has been the subject of a Vatican financial scandal rumbling for some years and involving high-level members of the Roman Curia.
The Administration of the Patrimony of the Apostolic See> (APSA) wrote it had “completed the sale to Bain Capital of the building at 60 Sloane Avenue in London, with total proceeds of 186 million pounds. The Secretariat for the Economy followed the entire procedure in its various stages.”
Financial losses from the property, situated in the affluent London borough of Kensington and Chelsea, were “conferred to the reserve of the Secretariat of State,” read the statement, “without in any way in this circumstance touching Peter’s Pence, and with it the donations of the faithful.”
Bain Capital is an investment firm based in Boston, co-founded in 1984 by Republican U.S. Senator Mitt Romney of Utah, and which manages over $160 billion of assets.
The Associated Press estimated the Vatican had spent around €350 million (around $359 million) on the building and that it lost around €200 ($205 million).
In order to “ensure the transparency and independence of the valuation process, the Holy See sought the assistance of Savills Real Estate Broker,” which was chosen through a selection process of bidding through 2021.
(Excerpt) Read more at lifesitenews.com ...
One of the reasons I keep my offerings local. Don’t want the Vatican mafia wasting my hard earned money.
“Bain Capital”
Mittens Romney is very pleased.
What would Jesus have done with the money? Invest in luxury property? Is the Vatican guided by the Lord or their own avarice?
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