VATICAN CITY (CNS) The substitute secretary for general affairs in the Vatican Secretariat of State said Vatican officials were forced into spending $17 million rather than an anticipated $2 million to $4 million to buy out an Italian broker over a London property deal. It caused me deep pain to find that we still had to give money for this affair, testified Archbishop Edgar Peña Parra, who serves as substitute, the No. 3 position in the Secretariat of State, during a Vatican trial Ma
The substitute secretary for general affairs in the Vatican Secretariat of State said Vatican officials "were forced" into spending $17 million rather than an anticipated $2 million to $4 million to buy out an Italian broker over a London property deal.
Ten people are on trial in the Vatican, facing multiple charges regarding the Vatican Secretariat of State’s investment in a property on Sloane Avenue in London. The Vatican lost more than $200 million on the deal.
The substitute secretary for general affairs in the Vatican Secretariat of State said Vatican officials "were forced" into spending $17 million rather than an anticipated $2 million to $4 million to buy out an Italian broker over a London property deal.
Following testimony from defense witnesses in the trial of Cardinal Angelo Becciu and nine other defendants, the Vatican financial trial has resumed with testimony from witnesses for the prosecution.