Saudi Press

Saudi Arabia and the world
Sunday, Jun 01, 2025

Cardinal and nine others face Vatican corruption charges over London property deal

Cardinal and nine others face Vatican corruption charges over London property deal

Cardinal Angelo Becciu, who was fired by Pope Francis last year over a donation to his brother's charity, helped arrange the initial investment but denies any wrongdoing.

An Italian cardinal and nine others have been ordered to stand trial by a Vatican judge for alleged corruption in connection with a €350m (£300m) luxury property deal in London.

Those accused include Cardinal Angelo Becciu, who was fired by Pope Francis last year; the former heads of the Vatican's financial intelligence unit, and two Italian businessmen involved in the Vatican's purchase of the building in an exclusive area of the capital.

Becciu, who has always maintained his innocence during a two-year investigation, is the highest ranking Vatican-based church official to be charged with alleged financial crimes.

Pope Francis personally approved the judge's decision to investigate and indict Becciu


His name was listed separately from the others in the indictment because a separate procedure is required to charge a cardinal.

In line with church law, the pope personally approved the judge's decision to investigate and indict Becciu, who helped arrange the initial London investment.

The charges against him include embezzlement and abuse of office.

An Italian woman who worked for Becciu was charged with embezzlement.

Italian brokers Gianluigi Torzi and Raffaele Mincione were indicted on charges of embezzlement, fraud and money laundering.

Torzi, for whom Italian magistrates issued an arrest warrant in April, was also charged with extortion.

He is currently in London pending an Italian extradition request.

Both men have denied wrongdoing.

Torzi is accused of having having extorted €15m from the Vatican to turn over ownership of the London building in late 2018, after allegedly inserting a last-minute clause into the contract giving him full voting rights in the deal.

The church hierarchy, however, signed off on the contract, with both Pope Francis' number two, Cardinal Pietro Parolin, and his deputy approving it.

However, neither was charged.

Vatican prosecutors have produced evidence suggesting they were tricked by an Italian lawyer, who has been indicted, into agreeing to the deal.

Four companies associated with individual defendants, two in Switzerland, one in the US and one in Slovenia, are also facing charges.

The trial is due to start on 27 July in the Vatican, a statement said.

Becciu was sacked last year as the Vatican's saint-making chief, apparently in connection with a separate incident relating to the his €100,000 donation of Vatican funds to a diocesan charity run by his brother.

While admitting he made the donation, he insisted the money was for the charity, not his brother.

Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
Saudi-Spanish Business Forum Commences in Riyadh
Saudi Arabia and Spain Sign MoU to Boost SME Sectors
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
A Chinese company made solar tiles that look way nicer than regular panels!
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Saudi Arabia Emerges as Global Tech Magnet with U.S. Backing and Trump’s Visit
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
Trump takes a blow torch to the neocons and interventionists while speaking to the Saudis
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
Michael Jordan to Serve as Analyst for NBA Games
×