United Kingdom: Vatican-gate: more London luxury property deals revealed

The cardinal who oversaw the team at the heart of a Vatican investigation into a suspicious London property deal conducted additional investments of up to £100m in other London luxury apartments, documents show.

Documents including emails and financial accounts seen by the Financial Times show that Cardinal Giovanni Angelo Becciu, whom Pope Francis forced to resign last week, invested Vatican funds into a portfolio of ultra-prime flats in and around Cadogan Square, Knightsbridge, one of the most expensive residential addresses in London.

The revelations of additional high-end London property acquisitions decided by the 72-year-old Italian clergyman come as Vatican magistrates are investigating a separate €350m investment in a large building in Chelsea called 60 Sloane Avenue, which Cardinal Becciu also oversaw when it was made in 2014.

The original full article can be found at ft.com

(Photo: Reuters)

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