All articles tagged with #vatican finances
The Vatican's appeal trial over the London property deal, which resulted in ten convictions in the first trial, begins on September 22, 2023, with new hearings and ongoing debates over procedural issues, the influence of WhatsApp chats, and the independence of Vatican justice, involving high-profile defendants including Cardinal Becciu.
Cardinal Angelo Becciu, once considered a contender for pope, has been convicted of embezzlement by a Vatican criminal court and sentenced to over five years in prison. Becciu was accused of funneling Vatican funds to businesses and charities run by his brothers and overseeing a multimillion-Euro investment in a luxury property in London. The trial shed light on the Vatican's finances, and Becciu's conviction marks the first time a cardinal has been prosecuted by the Vatican criminal court.