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  • Exoneration of Key Vatican Official in Finance Trial Puts Pope Francis and Senior Officials in the Spotlight

    12/10/2021 7:06:02 PM PST · by marshmallow · 4 replies
    The National Catholic Register ^ | 12/8/21 | Ed Pentin
    The trial, which began in July and will resume on Dec. 14, has yet to get off the ground after procedural disputes over missing transcripts related to the prosecution’s investigations. Four of the original 10 defendants have had their charges at least temporarily dropped, leaving just six defendants currently on trial.VATICAN CITY — A key element in the ongoing Vatican trial over a London property deal that led to massive financial losses for the Holy See is how Vatican officials came to sign off on agreements in 2018 that caused the Vatican the most damage. A 487-page indictment published ahead...
  • Vatican Officials: Swiss Bank Suspected of Money Laundering Led to Pell Conflict

    11/27/2019 5:41:18 PM PST · by marshmallow · 2 replies
    Catholic World Report ^ | 11/21/19 | Ed Condon
    Pell was reportedly reprimanded for “interfering in sovereign business” by looking into the Vatican Secretariat of State’s dealings with a Swiss bank with a long track record of violating fraud safeguards.The Holy See’s relationship with a disreputable Swiss bank triggered an internal dispute between the Secretariat of State and Vatican financial authorities. At the center of the conflict was a multimillion-dollar line of credit used to fund a controversial investment in London property speculation. Sources inside the Vatican’s Prefecture for the Economy confirmed to CNA that a substantial part of the $200 million used to finance the Secretariat of State’s...
  • Cardinal Pell Has One Question for Cardinal Becciu: ‘Will He Just Tell Us What the Money Was Sent for?’

    12/26/2021 6:50:03 PM PST · by marshmallow · 1 replies
    The National Catholic Register ^ | 12/16/21 | Joan Frawley Desmond
    The former prefect of the Vatican’s Secretariat for the Economy sat down for an interview on his three-volume 'Prison Journal' touching on his incarceration, Cardinal Becciu and Vatican finances. When Cardinal George Pell took a leave of absence in 2018 from his post as the inaugural prefect of the Secretariat for the Economy and returned to Australia to stand trial for his “historic sexual abuse” case, he was the highest ranking Church official to be swept up in a decades-long global scandal that has shattered victims and wreaked havoc on the Church’s moral credibility. Convicted in 2018, he would spend...