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Financial Scandal: Vatican Unable to Keep Rules – Not Only in Dogmatic Matters

A $200 million credit from then Brazilian owned Banca della Svizzera Italiana (BSI) triggered an internal dispute between the Secretary of State’s and the Vatican’s Financial Information Authority (Aif), writes CatholicNewsAgency.com (November 21).

The credit was used to finance the Secretariat of State’s purchase of a London luxury development at 60 Sloane Avenue.

The BSI was absorbed by the Swiss EFG Group in 2016, otherwise it would have lost its Swiss banking license because of money laundering.

In 2015, then deputy Secretary of State Angelo Becciu attempted to disguise the BSI loan on Vatican balance sheets by an accounting manoeuvre prohibited by Vatican financial policies.

Cardinal Pell, then the Prefect for the Economy, detected the fraud, but was summoned by Becciu and shouted at, although Pell, not Becciu, was the ultimate authority for the Vatican’s financial business.

Pell was given to understand that he was only a rubber stamp as far as Becciu was concerned.

Nevertheless, Pell raised the Becciu fraud at the Council for the Economy which is led by Munich Cardinal Marx. But the council did nothing.

Picture: © Images Money, CC BY, #newsCzynhmskil

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mystic
Nobody can ever make honest money being honest.
There cannot be rich people without poverty.
There cannot be anything without rich people.
That is why there cannot be honesty.
So the devil can always find something on us.
Together with journalists. Just search and you will find.
We sin if we have a job.
We sin if we buy food.
We sin if we buy tools to work.
We sin if we rent a house, we sin if …More
Nobody can ever make honest money being honest.
There cannot be rich people without poverty.
There cannot be anything without rich people.
That is why there cannot be honesty.
So the devil can always find something on us.
Together with journalists. Just search and you will find.
We sin if we have a job.
We sin if we buy food.
We sin if we buy tools to work.
We sin if we rent a house, we sin if we buy a house.
We sin if we go first, we sin if we let everybody go first and we go last.
Therefore Jesus came into this world.

Agnus dei qui tollis peccata mundi. Miserere nobis.
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