Pope Francis is giving the Vatican secretariat of state three months to transfer all of its financial holdings to another Vatican office following its bungled management of hundreds of millions of dollars in donations and investments that are now the subject of a corruption investigation.
Francis cited the “reputational risks” incurred by the department’s investments in a London real estate venture and other speculative operations that have lost the Holy See tens of millions of dollars, some of it money from the Peter’s Pence donations from the faithful.
Pell had to abandon those reform efforts in 2017 to face trial for sexual abuse in his native Australia, but he was acquitted and returned triumphantly last month to Rome, where he was granted a well-publicized audience with Francis.Francis moved against his own secretariat of state amid a year-long investigation by Vatican prosecutors into the office’s $414-million investment into a luxury residential building in London’s Chelsea neighborhood.
Is the prey of a great spoil divided?
Oh Great, well we remember what happened to a Pope last time there was a financial scandal in the VaticanNews in JP1s term....
Look out, Seabiscuit of State, he's coming for you next