Vatican Indicts Cardinal and 9 Others on Money Laundering and Fraud Charges

ROME — A Vatican choose on Saturday indicted 10 individuals, together with a once-powerful Italian cardinal, on fees together with cash laundering, fraud and abuse of workplace in relation to a monetary scandal involving a London actual property deal.

The indictment comes on the heels of a two-year investigation by Vatican prosecutors who sifted by what Vatican News described as “enormous number of documents.”

Those indicted embody Cardinal Giovanni Angelo Becciu, the previous chief of employees within the Vatican’s Secretariat of State, whom Francis dismissed in September because the investigation into the London deal gathered steam. Cardinal Becciu has maintained his innocence.

Also indicted have been two former high officers on the Vatican’s intelligence unit, officers on the Secreteriat of State, and Italian brokers who have been concerned in the actual property deal. The Vatican additionally filed subpoenas towards 4 firms associated to individuals concerned within the case.

The investigation, which started in 2019, dropped at mild “a vast network of relationships with financial market operators that have generated significant losses for the Vatican finances,” in response to a Vatican assertion issued on Saturday.

In the assertion, the Vatican mentioned that the judicial investigation was “directly connected to the directives and reforms” of Pope Francis, “in his attempt to achieve transparency and clean up Vatican finances.”