CNA Staff, Jun 9, 2020 / 03:00 am (CNA).- Cardinal Angelo Becciu has said that the arrest of a businessman at the center of a Vatican property deal will have no wider repercussions and that business in the Vatican “will continue as before.”
Commenting on the June 5 arrest of Gianluigi Torzi, the former sostituto at the Secretariat of State said that he did not know the Italian businessman charged by Vatican prosecutors with fraud, extortion, money laundering and other crimes. Becciu also defended the investment of hundreds of millions of euros in the London property at 60 Sloane Avenue, and said it still represented good value for money.
“I don’t know Torzi, I was no longer sostituto when the facts that are attributed [Torzi] happened,” Becciu told Adnkronos after the announcement of Torzi’s arrest.
Before he was made a cardinal in June, 2018, Becciu was the second-ranking official at the Vatican Secretariat of State, which invested hundreds of millions of euros in the London property between 2014-2018. Torzi acted as a broker, a commission-earning middleman, for the Secretariat of State as it finalized the purchase in 2018 and 2019.
The Adnkronos report offers Becciu’s account of his role at the Vatican. Becciu insists that Torzi’s involvement in the project came after the cardinal had become head of the Congregation for the Causes of the Saints in the summer of 2018, but that the original investment in the building was a sound decision.
“Are you sure that that building was a waste? But there has been no doubt that if sold now it would make double what it cost – 148 million euros when I was there, if there were other [additional expenses] then ask who made them, I was no longer there.”
On Saturday, the cardinal dismissed the idea that Torzi’s arrest would cause a broader “earthquake” in the curia, calling it “a journalistic fantasy.”
Becciu’s interview concluded with his declaration that “[Torzi] will have to answer for a specific crime for which he alone is responsible. And the Vatican will continue as before.”
CNA has reported that between 2014 and 2018, the Secretariat of State paid around $300 million for the building, bought from Italian businessman Raffaele Mincione. Mincione arranged the secretariat’s initial investment through an investment fund through which he managed hundreds of millions of euros for the Secretariat of State.
Completion of the sale was conducted through Gutt SA, a Luxembourg-registered holding company owned by Torzi.
According to a press statement from the Holy See, Torzi was arrested Friday in connection with “well-known events connected with the sale of the London property on Sloane Avenue, which involved a network of companies in which some officials of the Secretariat of State were present.”
In May, CNA reported that in November 2018, a lay official at the Secretariat of State was made a director of Gutt, for a period of one month. That official, Fabrizio Tirabassi, was suspended from his position in October, 2019, following a raid by Vatican investigators.
In his statements to Adnkronos over the weekend, Becciu repeated previous denials that the investment used funds from Peter’s Pence, a fund of donations sent to the Holy See by Catholics and dioceses around the world to support the ministry of the pope.
On Saturday, Vatican News reported that the investments made by the secretariat in Mincione’s Athena Global Opportunities Fund amounted to 200 million euros. It reports Mincione invested this money in the building, which he owned, and other ventures of Mincione’s, which it described to be a “conflict of interest.”
On Nov. 4, 2019, CNA reported that in 2015 Cardinal Becciu seems to have attempted to obscure on Vatican balance sheets nearly 200 million in loans connected to the transaction by cancelling them out against the value of the property in London, an accounting maneuver prohibited by financial policies approved by Pope Francis in 2014.
That apparent attempt to obscure the loans was detected by the Prefecture for the Economy, then led by Cardinal George Pell. Senior officials at the Prefecture for the Economy told CNA in 2019 that Becciu told Pell the cardinal was “interfering in sovereign business” by looking into the secretariat’s dealings with Swiss bank BSI.
BSI was closed by Swiss banking authorities in 2017, following an investigation which found systematic violations of anti-money laundering protections.
On Saturday, Becciu said that Torzi’s involvement in the London property deal came only after he had left the secretariat.
In May, CNA reported that Swiss authorities had frozen tens of millions of euros in several bank accounts as part of the Vatican’s investigation into the deal.
On June 6, the Italian newspaper Corriere della Sera reported that among the funds frozen were several million under the control of Msgr. Alberto Perlasca.
Perlasca served under Becciu for nearly a decade as head of the administrative office of the secretariat’s First Section until July 2019, when he was transferred to the Supreme Tribunal of the Apostolic Signatura, the Holy See’s supreme court. Perlasca worked as a prosecutor at the court, until his office and home were raided by investigators in February.
In an interview with the newspaper Il Giornale on Monday, Perlasca denied that he had any Swiss bank accounts and is “ready to sue anyone who claims otherwise.”
Perlasca said that “there was considerable confusion, I hope not knowingly, between personal accounts and accounts of the Secretariat of State, on which, however, I had no signature power since only the superiors had it. I only had the power to sign in conjunction with another superior. I don’t remember ever having to use it, because there never was a need. In other words: I couldn’t move a single cent.”
Perlasca said he personally lodged a complaint against Torzi in 2018, alleging fraud by the businessman.
Corriere also reported that accounts belonging to Mincione have been seized by Swiss authorities as part of the investigation, as well as those under the control of Enrico Crasso, who has also managed Holy See investments through the Centurion Global Fund.
Crasso told Corriere that the accounts relevant to him were only under his management and not personal accounts. Previously, CNA reported on Centurion’s connections to several institutions subject to allegations of money laundering.
On Saturday, Mincione denied any relationship to Torzi beyond working with him as the secretariat’s chosen intermediary for the completion of the property purchase.
In an interview with Adnkronos, Mincione said that apart from knowing Torzi slightly as a social acquaintance, his contact with him was limited to Torzi’s mandate to act on behalf of the secretariat, given by Archbishop Edgar Peña Parra, who replaced Becciu as sostituto in 2018.
Mincione insisted in the interview that his dealings with the secretariat were all legitimate, and that the Holy See could still realize a profit on the London property.
Mincione also appeared to imply that responsibility for Torzi’s involvement could ultimately lay with Pope Francis, saying “there is a picture of Torzi with the pope, which I have. [Torzi] was given this job by Peña Parra, [who was himself] appointed by the pope.” It is unclear why or how Mincione would have a photo of Torzi with the pope, especially if the two businessmen were not close.
CNA has previously reported that Torzi, along with his family, were received in a private audience with Pope Francis on December 26, 2018. Repeated requests, over several months, to the Holy See asking how the meeting was arranged have gone unanswered.
On the same day as Mincione’s interview with Adnkronos, a picture apparently showing Torzi and his wife with Pope Francis began circulating online.
Perlasca told Il Giornale that “It seems very bad to call the Holy Father directly into this matter.”
“I know that, at the end of December 2018, there was a meeting with him, to which however no representative of the Administrative Office was invited,” Perlasca said.
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Most of them are heterodox leftists more interested in turning the Church into a secular NGO. Pathetic.
True.
Francis visits one more assault on the People of God. As if they need one more reason to turn from him and turn to Him. No matter how much more Francis justifies himself, many more will refuse to listen. We simply won’t hear any more. If he’s thinking of pulling out his megaphone, we suggest he fugghitaboutit. We’ve already tuned to the gospel channel which isn’t his.
Agreed
McElroy, the man best known for kicking sand on doctrines that offend modern sensibilities (and pelvises!), is now a cardinal. It’s been fairly clear for the past six years or so that Bergoglio is stacking the next conclave with men of this caliber. No surprises here, sadly.
Say Rich: Yeah, I agree. If the next Pope is like Bergoglio, I very much believe there will be a Schism
Yes, and very repulsive.
Um, McElroy? Right… Typical..a great archbishop in LA & other good, faithful candidates… But this guy… Really?
a great archbishop in LA
If Gomez is “great” then the bar is set awfully low.
Wishing the 21 new cardinals to be, God’s blessings.
Amen to that.
The homosexualization of the church proceeds apace.
Is that so? Can you tell me why you consider Card Roche to be pro-homosexual? Or the Indians, South Americans and Africans in the list to be what you label them to be?
Roche and McElroy.
Sure looks like he is “stacking the deck”. Church will have a hard time recovering from this blatant power grab.
It is difficult to say who is the worst pick in this rogue’s gallery of dissidents, leftists, and homophile protectors of pederasts. But my money is on McElroy as absolutely the WORST American prelate whose name is not Cupich.
Precisely.
Typical Francis.
Ignore San Francisco and the orthodox. Promote the heterodox.
McElroy…really?
How much longer, Lord?
Outrageous that he names the most pro-choice bishop in the US a cardinal.
What a slap in the face for faithful Catholics.
McElroy and Roche? That’s the best Francis can do?
Lord, help us.
It says something that such milquetoast liberal prelates like Gomez and Dolan, let alone Chaput and Cordileone, are unacceptable to Francis. Ted McCarrick remains the most influential and powerful Catholic in America.
Looks like a crop of good shepherds and bishops to the College. Well done, San Diego.
The train wreck continues.
My money is on Cardinal Cupich as the likely next pope (not that I like the idea one bit!)
From the Papacy of Paul VI, the steady and faithful helmsman of the Barque of Saint Peter, to the election and brief papacy of the “smiling” John Paul I; from the astounding, dramatic and world altering papal period of the orthodox, secure and crystal clear, faithful teacher of the faith, John Paul II (the Great); from the timid, but courageous yet unjustly maligned, theological guru and faithful papal teacher Pope Benedict XVI (future Doctor of the Church) to the present state of utter papal and eclesial confusion…. HOW IN GOD’S NAME DID WE GET HERE??????
I believe that the confusion is concocted. The Holy Spirit, I believe, is always in charge of our Lord’s Church. Jesus assured us of that, and I do trust him.
You might want to rethink that. The confusion is not concocted, you are simply trying to defend the indefensible. Although it’s a sweeping generalization, it’s safe to say that the Holy Spirit is probably not involved in appointing progressives to positions of authority in the church.
Mal is right. If the confusion isn’t self-inflicted, it can be a stubborn unwillingness to read Pope Francis and other church documents and think for oneself. The Holy Spirit is always with the Body. One ideology or another has nothing to do with it
The Catholic Church in America that McCarrick helped build with its support of active homosexuality is still with us. The Spirit of McCarrick alive!
I was astonished to see McElroy’s elevation but shouldn’t have been. Proof that it really does pay to be a worthless servile flatterer. So glad that for logistical reasons (new installation, Covid) neither of my children had their Confirmation from him. I’m not sure it would even be valid.
Diluting the teachings of the Catholic Church certainly seems to be Francis’ goal. He has been preparing worldwide Catholics for this since his election, and making cardinals of like-minded men instead of those who would stand firm on the foundation of Christ is the means to that end. It’s too bad that he didn’t make good on his promise of a short pontificate. He has created a crisis for the Catholic Church on his own, and seems hell-bent on undermining Her. He tests the Holy Spirit.
If this is true that the Pope passed over Bishop Cordileone over his suspension of Holy Eucharist for Pelosi and chose a Bishop who supports Pro-Abortion “catholics” receiving of the Eucharist then what as the faithful are we to believe any longer? Truth is truth, Belief in the tenets of our faith are Truth, there is no grey area, there is no “walking a fine line”. Sin is sin, we are all sinners but if I have mortal sin on my soul I cannot and should not receive the Eucharist and if I pronounce my Mortal Sin, support it in word and/or action publicly I should not receive and be suspended from receiving. Where are our Cardinals our Bishops our Priests that took vows to shepherd the flock and teach them Truth. Sadly there is schism coming to our Church, it is from those who are not faithful to Church teaching and instead is simply secular, political and evil. What are we to do? Where are we to go if the successor to Peter plays games and favors that which is not good but supports evil?
It’s seriously doubtful that San Francisco excommunication had any influence at all on naming this batch of cardinals, which was probably in the works for weeks, if not months. American politics is interesting to some Americans. Likely not to the Holy Father or most any others in Rome.
I also don’t understand the bellyaching about Pope Francis “packing” the College of Cardinals. Nobody seemed to complain about it heading into the 1990s. It’s a feature of the office. There are no Republican Senators in Rome to clog the drain of moving governance along. Thank goodness.
So what if it has been going ‘along for months’?
The difference in the ‘90’s was not having a Pope who refuses to clarify his own encyclicals and exhortations.
As a Democrat, you have a constant data stream – including a three year corrupt and fraudulent effort to bring down a sitting president from the top politicians in your Party – with your Democrats ‘clogging the drain of moving governance along’.
fake news, sir. I am a political independent and always have been. I can also read Vatican documents and find nothing “confusing” in the Holy Father’s writings. As for so-what, it kind of torpedoes the notion that naming one guy to the College is somehow an insult to other bishops, be they two, four-thousand, or some number in between.
There are books written years ago that have suggested this would happen in the Church, from Clowns of God to the Final Conclave. All along with the heresy taking place in the Church in Germany, in places of So. America and certainly in the USA with Cardinals and Bishops like Cupich, Gregory, McElroy and others and then we have those prelates in power like Dolan who prefer to smile and “brush off” his brethren’s wrong teaching. Wonder why the Church is losing faithful, look no further than those who prefer to teach wrongly; wonder why some diocese and parishes are thriving look no further than their Holy Bishops and Priests who follow Christ!
David, if this is the long predicted turning point of loss of faith, apostasy we know Christ remains with us, within the faithful of the Mystical Body, as you’re aware. Were that worse case scenario to occur we’ll be strengthened by Our Lord to endure. A moment to come ever closer to Christ and to give him greater glory by our steadfast witness.
As it seems now with the Synod on Synodality, its leadership, these questionable appointments et al we’re not, at least those who are swept along – headed for a good place. Except those of us blessed with a living faith. We should, as our mission offer prayer, what we can for the many who are beguiled.
Rod Dreher sums up the 2013 fraud:
https://www.theamericanconservative.com/dreher/
The most evident mark of God’s anger and the most terrible castigation He can inflict upon the world are manifested when He permits His people to fall into the hands of clerics who are priests more in name than in deed, priests who practice the cruelty of ravening wolves rather than the charity and affection of devoted shepherds. –St. John Eudes