Vatican judge tosses defense motions as fraud trial advances

By AP News

Share:

VATICAN CITY (AP) — A Vatican tribunal on Tuesday resoundingly rejected defense motions to dismiss a landmark financial fraud case and ruled the trial will go ahead with the questioning of a cardinal scheduled for later this month.

VATICAN CITY (AP) — A Vatican tribunal on Tuesday resoundingly rejected defense motions to dismiss a landmark financial fraud case and ruled the trial will go ahead with the questioning of a cardinal scheduled for later this month.

Judge Giuseppe Pignatone read aloud his rejection of two-dozen defense arguments from the past seven months that sought to have the charges dropped against the 10 defendants, who deny wrongdoing.

The case involves the Holy See's bungled 350 million-euro ($301 million) real estate investment in a London property.

Pignatone set March 17 for the next hearing. Cardinal Angelo Becciu, a former top Vatican official, is expected to be questioned about allegations he funneled Holy See money to a Sardinian charity run by his brother.

Vatican prosecutors have accused the Holy See’s longtime money manager, Italian brokers and lawyers of fleecing the Vatican of tens of millions of euros in fees and of then extorting 15 million euros from the Vatican to get full ownership of the property.

Share:

In this article:

Industries:
Consumer Discretionary

Author: AP News

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Originally published by Associated Press Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

Sign up for VTM Updates

Form submitted successfully!

Top Picks for Q2 2022

View More

Crypto Corner

Learn your NFTs from your BTCs