Pope Francis approved payment for Vatican to exit botched real estate deal, court told

📆 3/31/2022 2:46 PM
📰 inquirerdotnet

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 86%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

A defendant at a Vatican trial testified that superiors including Pope Francis approved a $15 million settlement to get the Vatican out of a botched London real estate deal to avoid a total loss. | Reuters

Carlino testified that in May 2019, he and other Vatican negotiators agreed to give Torzi 15 million euros to allow it to leave the venture.

“I never moved a finger without authorization from my superiors,” said Carlino, who is accused of extortion and abuse of office. Carlino said the pope wanted the Vatican to get out of the mess but by “spending as little as possible” so that the investment would not be a total loss. Prosecutors at the trial, which began in July, said the Vatican lost 217 million euros, some of it from funds that had been donated by the faithful.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

10th PropertyGuru Philippines Property Awards programme launches with resurgent optimism in the real estate market | BMPlusPropertyGuru (NYSE: PGRU), Southeast Asia’s leading property technology company, hosted a media roundtable at the Fairmont Makati to launch the 10th edition of the PropertyGuru Philippines Property Awards, presented by Kohler and supported by Boysen Paints. Marking its first decade of success, the most prestigious real estate awards programme in…
Source: BusinessMirror - 🏆 19. / 59 Read more »