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Financial Trial

All articles tagged with #financial trial

world2 years ago

Vatican's First Convicted Cardinal: Embezzlement Scandal Shakes Church

Cardinal Angelo Becciu, the first cardinal ever prosecuted by the Vatican criminal court, has been convicted of embezzlement and sentenced to 5 ½ years in prison. The trial focused on the Vatican secretariat of state's investment in luxury apartments, with prosecutors alleging that Vatican officials and brokers defrauded the Holy See of millions of euros. Becciu was convicted of embezzlement related to the investment and for using Vatican money for personal purposes. The trial raised questions about the rule of law in the Vatican and the power of Pope Francis.

via CBS News|
#cardinal#embezzlement#financial-trial
crime2 years ago

Vatican Court Sentences Cardinal Becciu to Over 5 Years for Embezzlement and Fraud

A Vatican tribunal has sentenced Cardinal Angelo Becciu to 5 1/2 years in prison for embezzlement in a financial trial. The trial, initially seen as a sign of Pope Francis' financial reforms, resulted in the acquittal of many suspects on major charges. However, the tribunal ordered the confiscation of 166 million euros and payment of civil damages to Vatican offices of 200 million euros. Another defendant, Monsignor Mauro Carlino, was acquitted entirely. The trial revealed vendettas, espionage, and ransom payments to Islamic militants. The tribunal also convicted Gianluigi Torzi of extortion and sentenced him to six years in prison. The whereabouts of the defendants and where they will serve their sentences, if upheld on appeal, remain unclear.

via NBC News|
#corruption#crime#embezzlement
crime2 years ago

Cardinal Becciu Sentenced to Prison in Vatican's 'Trial of the Century'

Cardinal Angelo Becciu has been convicted of embezzlement by a Vatican tribunal and sentenced to 5 ½ years in prison. This marks the first time a cardinal has been prosecuted by the Vatican criminal court. The trial, which lasted 2 ½ years, focused on the Vatican secretariat of state's investment in luxury apartments and alleged embezzlement of tens of millions of euros. Becciu was convicted of embezzlement related to the investment and for using Vatican money for personal purposes. The trial raised questions about the rule of law in the Vatican and the power of Pope Francis.

via POLITICO|
#cardinal-angelo-becciu#crime#embezzlement
crime2 years ago

Vatican Financial Trial Concludes: Cardinal and 9 Others Await Verdict

A Vatican tribunal is set to deliver verdicts in a complex financial trial involving Cardinal Angelo Becciu and nine others accused of embezzlement-related charges and other financial crimes. The trial, which has lasted for 2.5 years, has raised questions about the rule of law in the Vatican and the power of Pope Francis. Prosecutors are seeking convictions for nearly 50 charges and damages of over 400 million euros. The trial has revealed allegations of vendettas, espionage, and ransom payments to Islamic militants. The verdicts will determine the fate of the defendants, including Cardinal Becciu, who faces up to seven years in prison if convicted.

via The Associated Press|
#cardinal-angelo-becciu#crime#embezzlement
crime2 years ago

Vatican's 'Trial of the Century' Verdict Imminent: Fate of Cardinal and Others Hangs in Balance

The verdicts are expected on Saturday for a cardinal and nine other defendants in the Vatican's most complicated financial trial, which involved allegations of fraud, embezzlement, extortion, corruption, money laundering, and abuse of office. The trial, initially seen as a showcase for Pope Francis' reforms, failed to produce a smoking gun to support the prosecution's hypothesis of a grand conspiracy. Instead, it revealed unintended revelations about Vatican vendettas, incompetence, and ransom payments, tarnishing the Holy See's reputation. The trial also shed light on the pope's involvement, with evidence showing that he issued secret decrees benefiting prosecutors and was aware of key aspects of the deals in question.

via National Catholic Reporter|
#cardinal-angelo-becciu#crime#financial-misdeeds