London Daily

Focus on the big picture.
Monday, Aug 24, 2026

Cardinal and nine others face Vatican corruption charges over London property deal

Cardinal and nine others face Vatican corruption charges over London property deal

Cardinal Angelo Becciu, who was fired by Pope Francis last year over a donation to his brother's charity, helped arrange the initial investment but denies any wrongdoing.

An Italian cardinal and nine others have been ordered to stand trial by a Vatican judge for alleged corruption in connection with a €350m (£300m) luxury property deal in London.

Those accused include Cardinal Angelo Becciu, who was fired by Pope Francis last year; the former heads of the Vatican's financial intelligence unit, and two Italian businessmen involved in the Vatican's purchase of the building in an exclusive area of the capital.

Becciu, who has always maintained his innocence during a two-year investigation, is the highest ranking Vatican-based church official to be charged with alleged financial crimes.

Pope Francis personally approved the judge's decision to investigate and indict Becciu


His name was listed separately from the others in the indictment because a separate procedure is required to charge a cardinal.

In line with church law, the pope personally approved the judge's decision to investigate and indict Becciu, who helped arrange the initial London investment.

The charges against him include embezzlement and abuse of office.

An Italian woman who worked for Becciu was charged with embezzlement.

Italian brokers Gianluigi Torzi and Raffaele Mincione were indicted on charges of embezzlement, fraud and money laundering.

Torzi, for whom Italian magistrates issued an arrest warrant in April, was also charged with extortion.

He is currently in London pending an Italian extradition request.

Both men have denied wrongdoing.

Torzi is accused of having having extorted €15m from the Vatican to turn over ownership of the London building in late 2018, after allegedly inserting a last-minute clause into the contract giving him full voting rights in the deal.

The church hierarchy, however, signed off on the contract, with both Pope Francis' number two, Cardinal Pietro Parolin, and his deputy approving it.

However, neither was charged.

Vatican prosecutors have produced evidence suggesting they were tricked by an Italian lawyer, who has been indicted, into agreeing to the deal.

Four companies associated with individual defendants, two in Switzerland, one in the US and one in Slovenia, are also facing charges.

The trial is due to start on 27 July in the Vatican, a statement said.

Becciu was sacked last year as the Vatican's saint-making chief, apparently in connection with a separate incident relating to the his €100,000 donation of Vatican funds to a diocesan charity run by his brother.

While admitting he made the donation, he insisted the money was for the charity, not his brother.

Newsletter

Related Articles

0:00
0:00
Close
Prime Minister Andy Burnham to Give Ukraine Classified Storm Shadow Blueprints for Domestic Missile Production
UK Graduate Job Vacancies Plunge 45% to Lowest Levels on Record
Iranian Hackers Shut Down British Power Plant for Four Days in Landmark Cyber Attack
Novak Djokovic Reveals Relentless Self-Doubt and Rejects Retirement in New Documentary
Trump Imposes 50% Tariffs on Canadian Goods After Bilateral Trade Talks Collapse
First Bus Bars Unaccompanied Under-Sixteens From Evening Services in Stoke-on-Trent
Lithium-Ion Battery Fires Cost UK Waste Sector About One Billion Pounds a Year
Reform UK Proposes Lower Social Housing Priority for Foreign-Born Naturalised Citizens
UK Government Deploys AI Drones in Crackdown on Illegal Waste Dumping
EU Biometric Border Checks Cause Disruption for British Travellers and Freight Operators
UK Expands Voluntary Drug Treatment Programme for Sex Offenders to Twenty Prisons
CrossCountry Cancels Most Services After Major Power Failure at Control Centre
Met Office Warns El Niño Could Bring Severe Autumn Storms and Higher Food Prices
Resolution Foundation Says UK Productivity Growth May Be Stronger Than Official Data Suggest
Andy Burnham Proposes Giving Regional Mayors Greater Planning Powers
UK Government Overhauls Planning Rules to Accelerate Housing Near Transport Links
Russia Withdraws Ambassador to Britain and Warns of Retaliation Over UK Drone Supplies to Ukraine
Iran-Linked Hackers Blamed for Cyberattack That Shut Down UK Power Plant
Andy Burnham Pledges UK Support for Long-Range Missile Production in Ukraine
Australia Combines Indigenous Fire Knowledge With Satellite Tech to Combat Catastrophic Wildfires
Father and Son Jailed in Scotland Over £900,000 Airport Cannabis Smuggling Operation
UK Fraud Reports Surge Sevenfold as Criminals Exploit QR Codes in Parking Meters and Phishing Emails
Brighton Thrash Aston Villa in Four-Goal Opening Half as Manchester City Trail Bournemouth
Erin Patterson Appeals Triple Murder Convictions After Hotel Mixed Sequestered Jury With Prosecution
Bank of England Maintains Close Watch on Banks Amid Global Economic Uncertainty
Warm Weather and Tourism Support UK High Street Spending During Summer
Westminster Faces Continuing Political and Administrative Fallout From Epstein Files Release
UK Invests in Domestic Defence Drone Manufacturing to Strengthen Military Supply Chains
Around Five Million UK Households Face Higher Mortgage Payments by 2028
Bluetongue Virus Cases Rise Across England, Wales and Scotland
UK Government Holds First National Day for Victims and Survivors of Terrorism
Historic Summer Droughts Threaten UK Harvests and Put Further Pressure on Food Prices
UK Economy Holds Up in Second Quarter Despite Global Energy and Geopolitical Pressures
UK Opens National Artificial Intelligence Safety Testing Facility
UK Government Finalizes Plans to Bring Remaining Regional Rail Services Into Public Ownership
Environment Agency Imposes Record Penalties on Water Companies Over Illegal Sewage Discharges
Great British Energy Announces Offshore Wind Partnership in North Sea
UK Government Tightens Planning Rules to Accelerate Housing Development
NHS Launches Digital Overhaul to Cut Elective Care Waiting Lists
Bank of England Signals Interest Rates May Stay Higher for Longer as Inflation Pressures Persist
The rise and fall of Hui Ka Yan, China’s richest man
Woke: Britain Considers Plain Packaging for Cigars as Specialist Shops Warn of Industry Collapse
Britain's Public-Service Productivity Remains Below 2019 as £80 Billion Output Gap Fuels WFH Debate
Mandelson Epstein Case in Jeopardy as U.S. Files Stay Out of Reach
Prince Harry and Six Others Ordered to Pay £9.5 Million After High Court Defeat
Bank of England Holds Interest Rate at 3.75% as Inflation and Energy Risks Persist
UK AI Security Tests Find Autonomous Agent Attempting Malicious Code Injection
UK Economy Grows 0.4% in Second Quarter Amid Global Pressures
UK Joins European Allies in Condemning Israeli Settlement Plans in West Bank E1 Area
Multiple People Killed in A66 Collision Near Middlesbrough Involving Police Vehicle
×