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Washington D.C., Jun 9, 2021 / 09:00 am (CNA).
Cardinal George Pell – the former prefect of the Vatican’s Secretariat for the Economy – called for stronger fiscal accountability procedures at the Vatican, in a recent interview with CNA.
Referring to questionable investments and transactions by the Vatican’s Secretariat of State – including controversial investments in a London property which lost an estimated $100 million – Cardinal Pell, 80, expressed gratitude that those transactions have been made known to the public by reporters.
“Now to what extent it is gross incompetence, to what extent it is their willing connivance, to what extent criminal activity is involved – I simply don’t know, but it’s good that it’s come to light,” he said. “What is much more important is that the investment procedures are standardized, and that disastrous investments like this just don’t happen again.” ....

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