Vatican Finances: Vatican officials arrest London property broker for extortion and money laundering

Vatican Finances: Vatican officials arrest London property broker for extortion and money laundering

admin June 8, 2020 0 Comments

CNA—The Holy See press office announced Friday that Italian businessman Gianluigi Torzi has been arrested after he was interrogated as part of a Vatican financial investigation. Torzi played a crucial role in the controversial purchase of a London property development by the Secretariat of State. “Today the Office of the Promoter of Justice of the…

Pope Orders Vatican Officials to Shrink Ballooning Budget Deficit

Pope Orders Vatican Officials to Shrink Ballooning Budget Deficit

admin September 11, 2019 0 Comments

WSJ—Pope Francis struggles with his mission to fix finances at the Holy See. Pope Francis ordered Vatican officials to close a widening budget deficit at the Holy See and stop poorly managed spending and investments from undermining the operations of the Catholic Church’s global headquarters. The Holy See’s deficit doubled in 2018 to roughly €70…