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Cardinal Angelo Becciu Convicted of Embezzlement in Landmark Vatican Trial

The trial, focusing on a 350 million euro investment in a London property, raises questions about the rule of law in the Vatican and Pope Francis' absolute power.

  • Cardinal Angelo Becciu, the first cardinal ever prosecuted by the Vatican criminal court, has been convicted of embezzlement and sentenced to 5 ½ years in prison.
  • The trial focused on the Vatican secretariat of state’s 350 million euro investment in developing a former Harrod’s warehouse into luxury apartments, with prosecutors alleging Vatican monsignors and brokers fleeced the Holy See of tens of millions of euros.
  • Becciu was convicted of embezzlement stemming from the original Vatican investment of 200 million euros into a fund that invested in the London property, and for his 125,000 euro donation of Vatican money to a charity run by his brother in Sardinia.
  • Many of the suspects were acquitted of the biggest charges, including fraud, corruption and money-laundering, but the tribunal ordered the confiscation of 166 million euros from them and payment of civil damages to Vatican offices of 200 million euros.
  • The trial raised questions about the rule of law in the city state and Pope Francis’ power as absolute monarch, given that he wields supreme legislative, executive and judicial authority.
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