Vatican sells luxury homes in London at the heart of fraud cases | Crime Stories

The Vatican has bought the mansion in the London suburb of London, Chelsea, one of the biggest disruptions to the Vatican’s economy in recent years.

The Vatican said on Friday that it had signed an agreement to sell London’s luxury apartment building, which is at the heart of the Vatican’s corruption and embezzlement scandal, and earn more than expected.

The Vatican Treasury Department has also announced, in the release of the Holy See 2022 budget, that 10 percent of the reserves have been received and the sale is expected to end in June. The budget shows the Holy See’s decline to 33 million euros ($ 37m) from 42 million euros ($ 47m) last year.

The head of the ministry, Juan Antonio Guerrero Alves, told reporters at the Vatican that the loss of a London house had already been calculated on Holy See banks. No figures were given, including the final sale price of the house, but Guerrero said it sold for more than its value.

The Vatican has bought the building, located on 60 Sloan Ave in the Chelsea suburb of Chelsea, London, one of the most devastating things to the Vatican’s economy in recent years. The Secretariat of State poured about 350 million euros ($ 391m) into the economy, most of it from donors, at a home where the former owner bought 129 million British pounds ($ 173m) – less than half of what he had set aside. .

The case exposed the Vatican authorities’ failure to maintain its stockpiles, as they signed ballot papers and agreed to impose a hefty fine on Italians who were known for their criminal activities.

Vatican prosecutors have long criticized the Holy See finance manager, brokers and lawyers for leaving the Holy See Church in various disputes over the treaty and forfeiting the Vatican $ 15 million ($ 17m) in order to secure ownership. the whole of the place. Harrods Museum.

The head of the Catholic Church worldwide, Pope Francis, has announced his intention to dispose of the property in 2020, when he ordered the Secretariat of State to hand over all the remaining assets to the Vatican Treasury, as the London crisis showed The office supervisor did not take good care of the finances.

The history, along with the coronavirus epidemic, has had a profound impact on the Vatican as much of London’s first fundraiser came from Peter Pence’s contributions from faithful pope charities and the care of the Holy See. .

In a budget comparison, Guerrero said Peter Pence’s contributions had been declining for several years, up to 15 percent last year, due to a pandemic that reduced population availability, while collections were often made.

“This should make us think of other ways to get help from the faithful and to receive donations,” he told reporters at the Vatican.

The Vatican budget for 2022 is increasing from 300 million euros ($ 335m) last year to 800 million euros ($ 893m) in 2022 as new accountants include major Vatican agencies, including Bambino Gesu Children’s Hospital in Rome, one of the hospitals. Great in Europe.