In early 2019, Becciu’s replacement as sostituto, Archbishop Edgar Peña Parra, became aware of the details of the deal and sought advice from Rene Brülhart, then the head of the Vatican’s Financial Information Authority.
Vatican Gendarmes executed a raid at the Secretariat of State and AIF offices on Oct. 1 as part of an investigation related to the investment. Five people were suspended as a result, including two Secretariat employees listed as directors of the Vatican’s UK holding company now managing the building investment, London 60 SA Ltd.
A director of London 60 SA Ltd charged with leading the development project is Luciano Capaldo, a UK resident and UK-Itallian citizen. Capaldo was originally registered with Companies House in London as a Vatican citizen, raising still-unanswered questions about why the Secretariat of State might have conferred Vatican citizenship on a layman living in London.
Capldo himself has several business links to Torzi. FEG International Assets, a Luxembourg based company formerly run by Torzi, is a major investor in Capaldo’s Italian architecture and development company, Imvest, which was raided by Italian financial authorities in May 2018 on charges of preparation and submission of false budgets.
FEG and Torzi were named recently in a commercial fraud suit in London’s High Court. Also named as respondents in the suit was Odikon Services PLC, of which Torzi and Capaldo were also directors. Odikon, currently suspended by the UK’s Financial Conduct Authority, is a major shareholder in Meti Capital, which is itself the major shareholder in Imvest.
(Story continues below)
Subscribe to our daily newsletter
At ACI Africa, our team is committed to reporting the truth with courage, integrity, and fidelity to our faith. We provide news from Africa, as seen through the teachings of the Catholic Church - so that you can grow in your Catholic faith.
When you subscribe to the ACI Africa Updates, we will send you a daily email with links to the news you need.
Use the form below to stay informed, and to tell us where we can send the ACI Africa Updates!
As part of this free service you may receive occasional offers from us at EWTN News and EWTN. We won't rent or sell your information, and you can unsubscribe at any time.
During a recent in press conference, Pope Francis was asked about the London investment. While confirming that he had personally authorized the October raids, he emphasised that proof of corrupt or illegal activity was “not yet clear,” before concluding that “it passed what passed: a scandal,”
“They have done things that do not seem clean,” the pope said. Last week, the Holy See press office confirmed that several investments and funds used by the Secretariat of State were under investigation.
“Lines of enquiry which may help clarify the position of the Holy See with respect to the aforementioned funds and any others, are currently being examined by the Vatican judiciary, in collaboration with the competent authorities,” a statement said.