A fired Italian cardinal is among 10 people indicted in a London property investigation, the Vatican announced Saturday.
July 3 (UPI) — A fired Italian cardinal is among 10 people indicted in a London property investigation, the Vatican announced Saturday. Cardinal Angelo Becciu, who was forced to resign by Pope Francis last year, is the highest-profile figure snared in an investigation of the Vatican’s Secretariat of State’s investment into an offshore fund operated financial broker Raffaele Mincione, the official Vatican news service reported. The Secretariat borrowed $200 million to invest in Mincione’s Athena Capital Global Opportunities Fund between June 2013 and February 2014, which was used for investment property on Sloane Avenue in London’s prestigious Chelsea neighborhood. The deal led to serious financial setbacks for the Holy See, including $21 million lost by September 2018, the news service said. The charges levied include money laundering, extortion, corruption, fraud, abuse of office and embezzlement.
