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The Vatican’s $200m London real estate scandal

The Vatican’s $200m London real estate scandal

FromInside The Vatican


The Vatican’s $200m London real estate scandal

FromInside The Vatican

ratings:
Length:
15 minutes
Released:
May 9, 2020
Format:
Podcast episode

Description

Last week, an Italian newspaper reported that Pope Francis had fired five employees who were under investigation for their involvement in the $200 million purchase of minority stake in a luxury apartment development in London’s upscale Chelsea neighborhood.
After the Vatican’s Secretariat of State lost money on the investment, the Vatican’s middleman, Italian businessman Raffaele Mincione, advised the Vatican to buy the remainder of the property, which he owned. The Vatican’s judicial system is now investigating staffers who were involved in the deal for possible financial improprieties. Last year, Vatican police raided several offices in the Secretariat of State and the Vatican’s financial watchdog office and suspended the staff members.
America’s Vatican correspondent Gerard O’Connell reported this week that the situation of the five employees was more complex than the premature, unjust firings the Italian newspaper had made them out to be. 
This week on “Inside the Vatican,” Gerry and producer Colleen Dulle explain the background of the London deal, what happened to the five employees, and what questions still remain.
 
Links from the show:
Has Pope Francis dismissed five Vatican employees linked to a property deal in London?
Vatican employees suspended as finance investigation continues
Vatican police raid Secretariat of State and finance watchdog offices
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Released:
May 9, 2020
Format:
Podcast episode

Titles in the series (100)

Each week, Colleen Dulle goes behind the headlines of the biggest Vatican news stories with America’s Rome correspondent Gerard O’Connell. They'll break down complicated news stories that have a whole lot of history behind them in an understandable, engaging way. Colleen and Gerard will give you the inside scoop on what people inside the Vatican are thinking, saying—and planning.