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VATICAN CITY - A Vatican tribunal on Wednesday defended its 2023 decision to convict a senior Catholic cardinal of misappropriation of funds , saying the prelate was "aware of all the steps" in a botched $200 million London real estate deal.Cardinal Angelo Becciu , the most senior Church official ever to stand trial before a Vatican criminal court, was convicted last December on several charges and sentenced to five-and-a-half years in jail.
It revolved mostly around the messy purchase of the London building by the Secretariat of State, the Vatican's key administrative and diplomatic department.Becciu, then an archbishop, held the number two position at the Secretariat in 2013 when it began investing in a fund managed by Italian financier Raffaele Mincione. The Vatican later sold the London building in 2022, taking an estimated loss of about 140 million euros .
Misappropriation Of Funds Vatican Angelo Becciu
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