Vatican indicts 10, including a cardinal, in London deal
Fox News
A Vatican judge on Saturday indicted 10 people, including a once-powerful cardinal, on charges including embezzlement, abuse of office, extortion and fraud in connection with the Secretariat of State’s 350 million-euro investment in a London real estate venture.
The 487-page indictment request was issued following a sprawling, two-year investigation into how the Secretariat of State managed its vast asset portfolio, much of which is funded by donations from the faithful. The scandal over its multimillion-dollar losses has resulted in a sharp reduction in donations and prompted Pope Francis to strip the office of its ability to manage the money. Five former Vatican officials, including Cardinal Angelo Becciu and two officials from the Secretariat of State, were indicted, as well as the Italian businessmen who handled the investment. Vatican prosecutors accuse the main suspects of bilking millions of euros from the Holy See in fees, bad investments and other losses related to financial dealings that were funded in large part by Peter's Pence donations to the pope for works of charity. The suspects have denied wrongdoing.
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