THE pope tries to contain the fallout from the London property scandal by stripping the Vatican’s Secretariat of State of control over its own funds.
Pope Francis has moved the funds to the supervision of its economic offices, according to reports on Thursday, November 5, as he attempts to control the luxury London property deal scandal.
The announcement that the pope is transferring all the assets to a Vatican department called APSA, comes after an investigation into the London deal that led to the suspension last year of five Vatican employees, the resignation of its police chief, and the exit of the former head of its Financial Information Authority.
Francis fired Cardinal Angelo Becciu in September as he was number two at the Secretariat when it purchased a building in London as an investment.
However, Becciu has consistently denied any wrongdoing after the pope alleged embezzlement and nepotism.
Thank you for taking the time to read this news article “Pope tries to contain fallout from London property scandal”. For more UK daily news, Spanish daily news and Global news stories, visit the Euro Weekly News home page.
Euro Weekly News is delighted to continue be able to bring you a range of News from around Spain in English and Global News live as it happens.
Euro Weekly News doesn’t cost you anything but your internet connection. Whether it’s bringing you the local Spanish news or the International news today, we’ve got you covered!
Euro Weekly News, the leading free local and national newspaper in Spain, the people’s paper, we lead others follow!