Pope Francis approved payment for Vatican to exit botched real estate deal, court told

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A defendant at a Vatican trial testified that superiors including Pope Francis approved a $15 million settlement to get the Vatican out of a botched London real estate deal to avoid a total loss. | Reuters

Carlino testified that in May 2019, he and other Vatican negotiators agreed to give Torzi 15 million euros to allow it to leave the venture.

“I never moved a finger without authorization from my superiors,” said Carlino, who is accused of extortion and abuse of office. Carlino said the pope wanted the Vatican to get out of the mess but by “spending as little as possible” so that the investment would not be a total loss. Prosecutors at the trial, which began in July, said the Vatican lost 217 million euros, some of it from funds that had been donated by the faithful.

 

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