Angelo Cardinal Becciu was present Tuesday, July 27, the first day of a major Vatican finance trial to defend himself of charges of embezzlement and abuse of office. He is one of 10 defendants in the Vatican’s largest trial for financial crimes in modern times.
The Vatican's balance sheet showed a deficit of $78 million in 2020.
The Vatican announced Saturday that Cardinal Angelo Becciu will be tried on charges of embezzlement and abuse of office.
The Vatican’s Council for the Economy met on Tuesday to discuss the details of the annual budget for 2021.
The Vatican court is due to hold a sentence hearing next week in a criminal trial against the former president of the Institute for Religious Works.
Australia’s Catholic bishops are considering raising questions with the country’s financial watchdog authority about whether any Catholic organizations were among the recipients of billions of Australian dollars in transfers reputedly from the Vatican.
Pope Francis issued a new law Monday reorganizing Vatican finances following a series of scandals.
Pope Francis has said more changes are on the horizon as the Vatican continues to combat financial corruption inside its walls, but he is cautious about success.
Cardinal Giovanni Angelo Becciu again denied having interfered in any way with the trial of Cardinal George Pell, after Italian media reported an allegation that Becciu might have wired money to Australia as a bribe during Pell’s trial.
Cardinal Angelo Becciu insisted Wednesday on the “absolute falseness” of claims of financial misconduct against him.
Pope Francis Monday named an Italian lawyer and professor of commercial law to work as an additional prosecutor in the Vatican City State’s court.
Cardinal George Pell is set to return to Rome on Tuesday, his first time back in the Vatican since 2017, when he took a leave of absence from his role as prefect of the Vatican’s Secretariat for the Economy to travel to Australia.
Following his resignation Thursday, September 24, new reports reveal details of how Cardinal Angelo Becciu managed Vatican financial affairs, developing a story CNA first broke last year.
The Vatican’s prefect of the Secretariat for the Economy and auditor general signed a memorandum of understanding Friday on the fight against corruption.
In an interview Thursday, Cardinal Pietro Parolin, the Vatican Secretary of State, spoke about uncovering financial scandal, saying that hiding scandal increases and entrenches it.
Pope Francis on Thursday named 13 new members to the Council for the Economy, which oversees Vatican finances and the work of the Secretariat for the Economy.
In the months before Gianluigi Torzi was asked by the Holy See to act as middle man for the final purchase of the London property at 60 Sloane Ave. from Raffaele Mincione, a company owned by Mincione secured a multi-million-euro loan from a company controlled by Torzi.
The Holy See is facing a perfect storm of a massive income shortfall, months of financial scandal, and a looming international banking inspection.
Pope Francis Monday appointed Fabio Gasperini, an Italian financial adviser working at Ernst and Young, to the second-ranking position at the Administration of the Patrimony of the Apostolic See (APSA).
On Monday, Pope Francis published sweeping new laws governing Vatican financial dealings. But the new laws are not really that new: They resurrect measures called for during the first days of the Francis pontificate. And now they’re back.