Article: Cardinal among 10 indicted by Vatican for financial crimes

Article - Media

Cardinal among 10 indicted by Vatican for financial crimes

REUTERS , 03 July 2021

A prominent Italian cardinal was among 10 people sent to trial in the Vatican on Saturday charged with financial crimes including embezzlement, money laundering, fraud, extortion and abuse of office.

Cardinal Angelo Becciu, formerly a senior official in the Vatican administration, as well as two top officials at the Vatican’s Financial Intelligence Unit will go on trial on July 27 over a multi-million euro scandal involving the Vatican’s purchase of a building in one of London’s smartest districts.
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Article: Vatican financial crime charges are due to lack of experience

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Vatican financial crime charges are due to lack of experience

daviddalpe, 09 June 2021

Rome – European evaluators said Wednesday the false belief that Vatican financial crime investigation and prosecution efforts not only suffer from understaffed and inexperienced, but also that their cardinals and bishops are unaffected by criminal activity. Warned that he was suffering from.

The Council of Europe’s Monetary Commission has issued a long report on the adherence to the Holy See to international norms for fighting money laundering and terrorist financing. Overall, the evaluator is good for the Holy See, recognizing that it complies with most standards, has taken steps to improve the law, and has achieved an effective level of international cooperation. Gave a rating. Continue reading “Article: Vatican financial crime charges are due to lack of experience”

Article: Italian broker for Vatican’s London property arrested in UK

Article - Media, Publications

Italian broker for Vatican’s London property arrested in UK

Hannah Brockhaus, 12 May 2021

Gianluigi Torzi, the Italian businessman who brokered the final part of the Secretariat of State’s purchase of a London investment property, has been arrested in the United Kingdom.

The arrest, which took place May 11 in London, was requested by an Italian judge in Rome in April. A spokesman for the Metropolitan Police Service said: “Officers from the National Extradition Unit attended an address on Campden Hill Road, W8, on Tuesday, May 11.”

“Gianluigi Torzi, 42 (16.01.79), was identified and arrested on a Trade and Cooperation Act (TACA) warrant issued in Italy on Wednesday, May 5 and certified by the National Crime Agency on Thursday, May 6.” Continue reading “Article: Italian broker for Vatican’s London property arrested in UK”