The cardinal declares his innocence in the Vatican financial scandal

The cardinal declares his innocence in the Vatican financial scandal
Giovanni Angelo Pescio pleaded not guilty to fraud and pleaded not guilty during a press conference on Friday, the day after he was effectively removed. Pope Francis.

Becky has served as an “alternative” to the Vatican’s State Secretariat since 2011, a powerful position similar to that of the Chief of Staff.

The 72-year-old was created cardinal in 2018 by Pope Francis and appointed head of the office overseeing the ordination of saints.

On Thursday night, Becky’s term came to an abrupt end, with the Vatican announcing in a brief statement that it had accepted the resignation of Cardinal Pope Francis. No further explanation was given by the Vatican.

“Yesterday, until 6:02 pm, I felt that I was a friend of the Pope,” Pecio told a news conference Friday.

“Then he said he didn’t trust me because the magistrate informed him that I had cheated.”

Beciu said Francis was visually disturbed during the meeting.

“He asked me to give up the privileges of being a cardinal,” Besiu added.

Despite the tense encounter with the pope, Peggy said he was proving his innocence and was “ready to give his life” for Pontif.

Pecio said he had not received any official announcement of the charges against him, but he understands that he has been accused of using money from the Vatican to favor his two brothers’ businesses.

The cardinal admitted that he had transferred 100,000 euros (6,116,000) to the Catholic charity Caritas in his own Sardinia, which had ties to his brother’s companies, but said the money had not been given to his brother.

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Besiu also admitted paying for another brother’s window and door company for reconstruction work at the Vatican embassies in Angola and Cuba, but the Vatican approved the payment.

Vatican Bank has long been plagued by financial irregularities.

In 2013 Pope Francis set up an expert panel To recommend reforms in the economic and administrative structures of the Holy See and to combat the problem.

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Will Smith

About the Author: Will Smith

Alfred Lee covers public and private tech markets from New York. He was previously a Knight-Bagehot Fellow in Economics and Business Journalism at Columbia University, and prior to that was a reporter at the Los Angeles Business Journal. He has received a Journalist of the Year award from the L.A. Press Club and an investigative reporting award from the Society of American Business Editors and Writers.

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