Pope Francis has accepted the resignation of Angelo Becciu as a cardinal and as the prefect of the Vatican saints’ department.
Last October the Vatican judiciary launched an investigation into financial and real estate investments which led to the suspension of five Holy See employees.
Vatican cardinal Angelo Becciu has said anti-Francis network EWTN’S Catholic News Agency (CNA) admitted to trusting “unreliable sources” in its reporting.
Vatican Cardinal Angelo Becciu has said he is “shocked” by “shameful” and “misleading” media reports pinning him for financial wrongdoing in a Vatican London real estate purchase.
Cardinal Angelo Becciu tried to hide $200 million in loans that the Vatican Secretariat of State took out to buy a luxury London property, Vatican sources have claimed.
Cardinal Angelo Becciu has firmly rejected any wrongdoing in a Holy See investment in luxury London property that is now the subject of a police probe.
The recent raids in the Vatican are connected to a multi-million pound investment of the Holy See in a luxury development project in London.
In wake of corruption scandals, Francis shifts financial authority away from Secretariat of State to Administration of the Patrimony of the Apostolic See
A Vaticanist is urging the Pope to bring transparency to the “circus” of disinformation on the latest round of Holy See financial scandals.
The Vatican ‘economy minister’ has called for “transparency” around shady Church investments, and has admitted that “it is possible that the Holy See has been cheated”.
Vatican Secretary of State Cardinal Pietro Parolin received members of the Committee of Experts on the Evaluation of Measures against Money Laundering and the Financing of Terrorism (Moneyval) of the Council of Europe, which began its evaluation visit to the Vatican on Wednesday.
A cardinal who was fired by Pope Francis Thursday caused a “huge black hole” in Church finances by funnelling funds to offshore investments and family businesses, according to a media report.
In a press release issued on Monday, the Institute for Works of Religion (Istituto per le Opere di Religione, or IOR) – commonly known as the ‘Vatican Bank’ – announced a doubling of its profits in 2019 to 38 million euros, up from 17.5 million in 2018.
The Vatican has put into action in Switzerland its promise of “rigour, clarity and sobriety” in its finances.
The Vatican is projecting a coronavirus-related loss of up to 146 million euros, according to a media report.
The prospect of one “world government” after the COVID-19 pandemic is dividing Catholic conservatives and progressives.
The Italian Bishops have accused the government of “arbitrarily excluding” public Masses from the beginning of the country’s coronavirus reopening.…
The Holy See Press Office announced April 15 that Cardinal Pietro Parolin, the Vatican Secretary of State, has appointed a new director and deputy director of the Vatican Financial Information Authority (AIF).
President of the Italian Bishops Cardinal Gualtiero Bassetti has told Francis critics to become Protestants if they don’t like this Pope.
A French-Spanish theologian has said that the Vatican financial scandals are signals of the “end of the pontifical monarchy”.
A politics professor and a real estate industry insider have taken down the conservative Catholic “Dan Brown” reporting on recent Vatican financial “scandals”.
The Vatican has invested tens of millions of euros worth of donations in lifestyle products, a toy wholesaler, mineral water, a tech startup, real estate and bonds and even films like Men in Black or Rocketman, the Elton John biopic, a report has claimed.
The recent internal investigations over alleged corruption in the Holy See show that Vatican financial reforms are working, Pope Francis has said.
Pope Francis can clean up the Vatican financial mess wielding his authority, firing uncooperative employees, ensuring an unlimited budget for outside auditors and giving officials the freedom to speak openly to the press, leading Church observer Thomas J. Reese SJ has said.
Vatican authorities are reeling after the surprise announcement that the head of its financial watchdog agency would not be continuing for another term.
Italian Prime Minister Giuseppe Conte has been caught up in the corruption investigation shaking the Vatican since police raids on the Holy See earlier this month.
After three weeks of controversy over its investments and financial management, the Vatican has revealed that it is working on a document to unify and better regulate its economic policy.