Vatican’s Cardinal Becciu on trial in $412m fraud case

vatican

A Roman Catholic cardinal who was once a close ally of Pope Francis has gone on trial in the Vatican, accused of misusing Church funds in a ruinous London property venture. Cardinal Angelo Becciu, 73, is the most senior cleric in modern times to face trial for alleged financial crimes. He is charged with spending €350m (£299m; $412m) of church money on a botched deal to buy a property in Chelsea that incurred huge losses. He denies wrongdoing. Cardinal Becciu was sacked by the Pope in September, as reports of financial misdeeds emerged. A two-year investigation exposed how the Vatican lost millions of euros, including donations from worshippers, after buying a former Harrods warehouse in Sloane Avenue, Chelsea, in 2014. The cardinal was formerly in charge of donations at the secretariat which handles Vatican funds.(BBC)…[+]