World

Historic Vatican fraud trial to expose London secrets

Ex-cardinal Angelo Becciu faces jail time, stiff fines for embezzlement, abuse of office

Updated 5 years ago · Published on 25 Jul 2021 11:00AM

Historic Vatican fraud trial to expose London secrets
Ex-cardinal Angelo Becciu, who has been stripped of his red biretta, has been charged with crimes including embezzlement and abuse of office. – AFP pic, July 25, 2021

VATICAN CITY – A once-powerful Catholic cardinal and nine others stand trial at the Vatican this week in an embezzlement scandal that allegedly saw charity funds used in a ruinous London property venture.

Ex-cardinal Angelo Becciu, who served as the equivalent of a papal chief of staff for Pope Francis before being fired last year, has been charged with crimes including embezzlement and abuse of office.

It is the first time a cardinal has been indicted by Vatican criminal prosecutors and Becciu, 73, will be the headliner of a trial set to last months.

The defendants face jail time or stiff fines if found guilty.

The alleged graft will have enraged Francis, 84, who has vowed all-out war on corruption and has increased oversight of the Vatican’s finances, dogged for decades by scandal.

Tuesday’s hearing is expected to be purely technical and the trial, held in a makeshift courtroom in the Vatican Museums, may be adjourned for after the summer break.

It was not clear whether Becciu, stripped of his red biretta, will be present.

It follows a two-year probe into how the Secretariat of State – the key department in the Vatican’s central administration – managed its vast asset portfolio and, in particular, who knew what about a disastrous €350 million (RM1.7 billion) London investment. – AFP, July 25, 2021

Related News

Malaysia / 4w

Jokes that hit below the belt: In the race for Malay votes, how far is UMNO willing to go?

Malaysia / 1mth

Former minister to face charges at KL Sessions Court tomorrow

Culture & Lifestyle / 1y

Canonization process begin for nurse who supported the resistance during Japanese occupation

Malaysia / 1y

Graft allegations part of plot to weaken Sabah political groups

Malaysia / 1y

Country’s score on global Corruption Perceptions Index remains same, says TI-M

Malaysia / 1y

Rally-goers defy police orders, cause major traffic disruptions

Spotlight

Malaysia

Haze: Schools in Johor, Melaka, and Negeri Sembilan to close tomorrow

Malaysia

Tun Mahathir’s health improves, but not ready to leave hospital

Malaysia

LPT3 row puts Kelantan’s infrastructure priorities under scrutiny

Malaysia

Terengganu royal family member sues two banks over RM1.99m missing from savings

Malaysia

Irene Sofiya murder probe referred to Johor prosecutors for review

Malaysia

Teacher denies negligence charges over fatal school SUV crash in Kota Bharu

Malaysia

Sulaiman Md Ali opts out of Melaka polls, will not defend Lendu

You may be interested

World

Fresh magnitude-6 earthquake strikes Panama after deadly tremor

World

Iran says US response on Hormuz Strait reopening proposal falls short

World

Indonesia rules out national disaster status for forest fires despite regional haze

World

Five Malaysians held in Tokyo over RM3.1m cocaine haul hidden in shoes

World

North Korea test-fires tactical ballistic missile amid rising regional tensions

World

Houthi attacks hit Riyadh, Dammam airports as Saudi Arabia faces mounting security threat

World

IMF warns AI sell-off; Soaring bond yields could trigger global market turmoil