Vatican official describes frenzy to turn London deal around

KIFI

Published May 31, 2022 1:14 PM

By NICOLE WINFIELD
Associated Press

VATICAN CITY (AP) — A former Vatican official has testified about the frenzied meetings in 2018 that the Holy See had thought would salvage its 350 million euro investment in a London property and stem its losses. Instead, the contracts negotiated and signed in those days ended up turning control of the London property over to an Italian broker and lost the Holy See millions more. Fabrizio Tirabassi’s testimony Tuesday described a perfect storm of incompetence, alleged criminality and blind trust in people presented as friends of Francis that is at the heart of the Vatican’s big fraud and embezzlement trial.

Article Topic Follows: AP National

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.