Vatican 'let down' in botched London property deal involving The Pope himself, UK Judge rules

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Vatican 'let down' in botched London property deal involving The Pope himself, UK Judge rules

//business-finance.news-articles.net/content/202 .. l-involving-the-pope-himself-uk-judge-rules.html

Published in Business and Finance on Friday, February 21st 2025 at 15:20 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Vatican 'let down' in botched London property deal involving The Pope himself, UK Judge rules - Secretariat of State of the Holy See agreed to buy a part-share of a former Harrods depository

2025-02-21 195 x 130 / 5573 Bytes

A UK judge has ruled that the Vatican was let down in a botched London property deal involving Pope Francis himself. The deal, which centered around a $400 million property in London's Chelsea, was part of a broader financial scandal that has rocked the Vatican. The property was initially purchased by the Vatican's Secretariat of State in 2014, but subsequent mismanagement and questionable financial dealings led to significant losses. The judge highlighted the involvement of several Vatican officials, including the Pope, who had given his approval for the transaction. The ruling pointed out the lack of due diligence and oversight, leading to the Vatican being misled by financial advisors and ultimately suffering financial damage. This case has further implications for ongoing Vatican financial reforms and has spotlighted the need for greater transparency and accountability within the Vatican's financial operations.

Read the Full MSN Article at:
[ https://www.msn.com/en-ph/news/uknews/vatican-let-down-in-botched-london-property-deal-involving-the-pope-himself-uk-judge-rules/ar-AA1zwcme ]