London Daily

Focus on the big picture.
Monday, Jan 05, 2026

As Cardinal Becciu goes to court, Francis' financial reforms also on trial

As Cardinal Becciu goes to court, Francis' financial reforms also on trial

The Vatican is opening criminal proceedings on July 27 against Giovanni Angelo Becciu, a once-powerful cardinal demoted by Pope Francis last fall, and nine other defendants.
They are charged with embezzlement and other crimes linked to a 2013 investment of a purported $240 million in a London real estate venture that kept swallowing money until it went bust, leaving an approximate $415 million Vatican loss.

The trial marks an emboldened turn in Francis’ papacy, likely to surpass other forensic dramas in the chain of scandals since “Vatileaks,” when Pope Benedict XVI’s butler, Paolo Gabriele, went to prison in 2012 for leaking papal documents to an Italian reporter. In that trial, the magistrate barred key evidence from a secret report by three cardinals that could have shed light on who assisted Gabriele.

In the current trial, the prosecution’s web work of links among defendants has attacked the leaders of both the Vatican bank (formally, the Institute for the Works of Religion) and the Vatican’s wider financial watchdog apparatus.

The trial before a magistrate has no jury. Prosecutions in Western courts rely on a story, a simpler-the-better narrative in proving guilt. This one resembles a police procedural directed by Fellini.

Still, the trial is the sharpest sign of Francis’ evolving legal strategy in response to church scandals.

Francis has fashioned a two-pronged approach. As a sovereign monarch, he has engineered major revisions in the Code of Canon Law to hold bishops more accountable for negligence and abuse, bringing the church closer to procedures in Western courts.

Fr. Tom Doyle, a veteran canonist, an inactive Dominican priest and expert witness in cases for clergy abuse survivors, credits Francis’ canon law reforms, among which was the removing of the use of strict confidentiality rules in proceedings involving sexual abuse.

The so-called pontifical secret is no longer to apply to any accusations, proceedings or final decisions involving clergy abuse. “It means legitimate requests for church documents in litigation should be respected,” said Doyle.

He told NCR: “In some cases I’ve seen, they’re still fighting for documents. Some of the dioceses are still trying to get confidentiality into settlements. Having the pope on your side in a civil pleading helps.”

Alternatively, said Doyle: “Francis is in a political system that can stonewall him. The Roman Curia has hidden agendas all over the place; he’s managed to cut through that in finding some people he can trust.”

Beyond revising the Code of Canon Law, the Vatican City State under Francis is taking a more aggressive role in prosecuting cases within its legal jurisdiction, far more so than under Popes Benedict XVI and John Paul II in the past.
Newsletter

Related Articles

0:00
0:00
Close
Maduro’s Arrest Without The Hague Tests International Law—and Trump’s Willingness to Break It
German Intelligence Secretly Intercepted Obama’s Air Force One Communications
The U.S. State Department’s account in Persian: “President Trump is a man of action. If you didn’t know it until now, now you do—do not play games with President Trump.”
Fake Mainstream Media Double Standard: Elon Musk Versus Mamdani
HSBC Leads 2026 Mortgage Rate Cuts as UK Lending Costs Ease
US Joint Chiefs Chairman Outlines How Operation Absolute Resolve Was Carried Out in Venezuela
Starmer Welcomes End of Maduro Era While Stressing International Law and UK Non-Involvement
Korean Beauty Turns Viral Skincare Into a Global Export Engine
UK Confirms Non-Involvement in U.S. Military Action Against Venezuela
UK Terror Watchdog Calls for Australian-Style Social Media Ban to Protect Teenagers
Iranian Protests Intensify as Another Revolutionary Guard Member Is Killed and Khamenei Blames the West
Delta Force Identified as Unit Behind U.S. Operation That Captured Venezuela’s President
Europe’s Luxury Sanctions Punish Russian Consumers While a Sanctions-Circumvention Industry Thrives
Berkshire’s Buffett-to-Abel Transition Tests Whether a One-Man Trust Model Can Survive as a System
Fraud in European Central Bank: Lagarde’s Hidden Pay Premium Exposes a Transparency Crisis at the European Central Bank
Trump Announces U.S. Large-Scale Strike on Venezuela, Declares President Maduro and Wife Captured
Tesla Loses EV Crown to China’s BYD After Annual Deliveries Decline in 2025
UK Manufacturing Growth Reaches 15-Month Peak as Output and Orders Improve in December
Beijing Threatened to Scrap UK–China Trade Talks After British Minister’s Taiwan Visit
Newly Released Files Reveal Tony Blair Pressured Officials Over Iraq Death Case Involving UK Soldiers
Top Stocks and Themes to Watch in 2026 as Markets Enter New Year with Fresh Momentum
No UK Curfew Ordered as Deepfake TikTok Falsely Attributes Decree to Prime Minister Starmer
Europe’s Largest Defence Groups Set to Return Nearly Five Billion Dollars to Shareholders in Twenty Twenty-Five
Abu Dhabi ‘Capital of Capital’: How Abu Dhabi Rose as a Sovereign Wealth Power
Diamonds Are Powering a New Quantum Revolution
Trump Threatens Strikes Against Iran if Nuclear Programme Is Restarted
Apple Escalates Legal Fight by Appealing £1.5 Billion UK Ruling Over App Store Fees
UK Debt Levels Sit Mid-Range Among Advanced Economies Despite Rising Pressures
UK Plans Royal Diplomacy with King Charles and Prince William to Reinvigorate Trade Talks with US
King Charles and Prince William Poised for Separate 2026 US Visits to Reinforce UK-US Trade and Diplomatic Ties
Apple Moves to Appeal UK Ruling Ordering £1.5 Billion in Customer Overcharge Damages
King Charles’s 2025 Christmas Message Tops UK Television Ratings on Christmas Day
The Battle Over the Internet Explodes: The United States Bars European Officials and Ignites a Diplomatic Crisis
Princesses Beatrice and Eugenie Join Royal Family at Sandringham Christmas Service
Fine Wine Investors Find Little Cheer in Third Year of Falls
UK Mortgage Rates Edge Lower as Bank of England Base Rate Cut Filters Through Lending Market
U.S. Supermarket Gives Customers Free Groceries for Christmas After Computer Glitch
Air India ‘Finds’ a Plane That Vanished 13 Years Ago
Caviar and Foie Gras? China Is Becoming a Luxury Food Powerhouse
Hong Kong Climbs to Second Globally in 2025 Tourism Rankings Behind Bangkok
From Sunniest Year on Record to Terror Plots and Sports Triumphs: The UK’s Defining Stories of 2025
Greta Thunberg Released on Bail After Arrest at London Pro-Palestinian Demonstration
Banksy Unveils New Winter Mural in London Amid Festive Season Excitement
UK Households Face Rising Financial Strain as Tax Increases Bite and Growth Loses Momentum
UK Government Approves Universal Studios Theme Park in Bedford Poised to Rival Disneyland Paris
UK Gambling Shares Slide as Traders Respond to Steep Tax Rises and Sector Uncertainty
Starmer and Trump Coordinate on Ukraine Peace Efforts in Latest Diplomatic Call
The Pilot Barricaded Himself in the Cockpit and Refused to Take Off: "We Are Not Leaving Until I Receive My Salary"
UK Fashion Label LK Bennett Pursues Accelerated Sale Amid Financial Struggles
U.S. Government Warns UK Over Free Speech in Pro-Life Campaigner Prosecution
×