Vatican trial opens into financial scandal rocking papacy

The trial is the culmination of a two-year investigation to a 350 million-euro London real estate venture.

Vatican prosecutors have alleged a jaw-dropping series of scandals in the biggest criminal trial in the Vatican’s modern history, which opens Tuesday in a modified courtroom in the Vatican Museums. The once-powerful cardinal and nine other people are accused of bleeding the Holy See of tens of millions of dollars in donations through bad investments, deals with shady money managers and apparent favors to friends and family. They face prison sentences, fines or both if convicted. The trial, which will likely be postponed for several months after the first hearings Tuesday and Wednesday, is the culmination of a two-year investigation into the Holy See’s flawed 350 million-euro London real estate venture. That operation exposed the Vatican’s once-secret financial dealings and its structural dysfunction, which allowed just a few people to do so much damage to the Vatican’s finances and reputation, with little expertise or oversight. But the prosecutors’ case also suggests that Pope Francis and his top lieutenants were not only aware of some of the key transactions, but in some cases explicitly authorized them, even without full documentation or understanding the details. Given the hierarchical nature of the Holy See and the obedience required of underlings to their religious superiors, questions also remain about why some people were charged and others not.