- Jul 9, 2020
Vatican prosecutors have ordered the seizure of documents and computers from the administrative offices of St. Peter’s Basilica in an apparently new investigation into financial irregularities in the Holy See.
An Italian broker who was arrested for his involvement in the questionable majority stake purchase of a property in London by the Vatican’s Secretariat of State was granted a conditional release after 10 days in a Vatican jail cell.
Officials say the new rules, described as four years in the making, bring the Vatican in line with “the most advanced international legislation in the area,” including the UN’s 2003 Convention against Corruption. It’s also intended, according to a synthesis provided by the Vatican News Service, to “combat illicit deals and corruption,” as well to achieve significant cost savings though “economies of scale.”
Pope Francis and his Vatican team this week have moved to try to defuse a financial bomb before it goes off, closing several Swiss holding companies responsible for portions of its assets and reallocating internal control over financial data collection.
Italian Cardinal Giovanni Angelo Becciu, prefect of the Congregation for Saints’ Causes, denied allegations that money earmarked for helping the poor was used to invest in a London property deal.