Vatican sues cardinal for real estate scandal

A Vatican City judge has ordered the prosecution of ten people for controversial real estate investment in London. Among the defendants is Angelo Becciu, the influential cardinal who was fired by Pope Francis because of the scandal last year.

The Vatican made investments in London real estate between 2014 and 2018, according to justice, that was accompanied by extortion, money laundering and fraud. The investments had a total size of 350 million euros, writes AP news agency.

Vatican City Justice has conducted two years of research on the issue and has now announced that ten people and four companies are being prosecuted. The lawsuit starts July 27.

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The accused Cardinal Becciu approved the investment from his then position as head of day-to-day management of the Vatican administration. He is suspected of embezzlement and abuse of office. Other Vatican officials are also charged, as well as a number of real estate agents and a lawyer.

Becciu has always said hes innocent so far. Nevertheless, he was fired last year pending the investigation. He may continue to call himself cardinal, but without the associated rights.