Ousted Catholic Church cardinal  was just indicted for money laundering and embezzlement charges: report

Ousted Catholic Church cardinal  was just indicted for money laundering and embezzlement charges: report
Secretary of State John Kerry greets Pope Francis at Joint Base Andrews, Md., Sept. 24, 2015. The pope will visit New York and Philadelphia during his U.S. trip before returning to Rome Sept. 27. (U.S. Air Force photo/Tech. Sgt. Robert Cloys)

A top-ranking cardinal, fired by Pope Francis back in September 2020, is now one of 10 individuals who have been indicted by the Vatican on a number of charges including money laundering and embezzlement of the Papal Foundation charity fund.

According to The Daily Beast, Cardinal Giovanni Angelo Becciu, the former secretary of state for the Vatican, is said to have helped his biological brothers with a real estate transaction at the expense of his spiritual brothers.

Sloane Square in London, the 100-apartment unit property at the center of the indictment, is said to have been "purchased through creative accounting that siphoned some of the pope's charity fund without the pope's approval." The publication reports that some of the units were reportedly used by clergy for their personal rendezvous.

In hopes of getting to the bottom of the situation, Pope Francis had the Vatican's financial oversight offices raided in Rome. He also tapped an anti-mafia prosecutor to further investigate the alleged charity fund theft scheme.

In addition to Becciu, the 487-page indictment also names the brokers who secured the business deal and details a number of a allegations against four companies.

"Initial activities carried out with rogatorial commissions in numerous foreign countries (United Arab Emirates, Great Britain, Jersey, Luxembourg, Slovenia, Switzerland) brought to light a vast web of relationships with operators in the financial markets that generated substantial losses for Vatican finances which also drew from those resources destined for the Holy Father's personal acts of charity," the indictment, summarized by Vatican News Service, states.

Becciu's latest indictment follows previous accusations about him allegedly funneling an estimated $800,000 of the pope's charity funding to "buy false testimony against Cardinal George Pell who was convicted and later acquitted of sexually abusing choir boys in Australia," the publication reports.

#story_page_post_article

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal
{{ post.roar_specific_data.api_data.analytics }}

Don't Sit on the Sidelines of History. Join Alternet All Access and Go Ad-Free. Support Honest Journalism.