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.
[…]
So what was once the Synod of Bishops will now be Synods of Bishops, Priests, Sisters, Car Salesmen, Teachers, Financial Advisors, HR Directors, Assistant Principals, Cashiers and Truck Drivers…
Remind me. Is this the Catholic Church we’re talking about, or the Rotary Club?
Agreed brineyman. Synodaling is not Catholic. Synodaling abuses the God-given authority of the hierarchy to destroy the God-given authority of the hierarchy. As such, Synodaling is a suicidal form of clericalism.
Synodal Superlodge.
Indeed. But why so negative?
After all, the geographic “contexts” of new-layer regional and continental bureaucracies will surely polyhedralize the merely diocesan bishops who, however, are a higher kind of “context” as successors of the Apostles.
But, still, “we” might converge globally on a very unifying theological question. And even a Q & A query updated from the rigid Baltimore Catechism…That is:…who the hell are all these people, and “from whence have they come and whither are they synodalling?”
Mark Twain held that the only folks justified in using the editorial “we” are newspaper editors and people with tapeworms.
You forgot the person in the pew. What the heck! They have opinions too I just came from a Mass where the choristers occupied the major pert of what used to be the Sanctuary and gave us virtually non-stop pop entertainment. The Eucharist was in a niche on the side altar. Attendees passed within five feet of the tabernacle. Not one person genuflected of even nodded their head. The applause and cheering at the end was huge. It was the last regular performance in a Parish that is closing. Not enough priests or regular Parishioners to keep it going. I wonder why.
what state or country, if you don’t mind?
Baltimore, MD is the site. They are shuttering some 30+ parishes in the City. The Church I was in will now have a Mass on a rotating basis with about 6 others. I raised my family around that Parish for nearly 50 years. All my children went to the school. The Whoopie Mass I attended would have been unintelligible back then. Demographic change is a part of the Parish problems/issues, but a ‘modern Protestantish worship’ service overlaying the ‘new’ liturgy surely cant help.
Bernard, that blasphemous mockery of the mass was perhaps your last? We all have a breaking point at which we seek Traditional Latin Mass and wonder why we waited so long…
When Thomas Cranmer became Archbishop of Canterbury (ca. 1533) and the chief architect of the nascent Anglican Church he forced worshipers to receive Communion in the hand and he hoped thereby to destroy belief in the Real Presence in one generation. (see The Life of Newman by Velez). It is about one generation since the practice began in today’s Catholic Church. Enough said.
That wouldn’t be as bad as inclusiveness including the unrepentant traffikers, drug dealers, pimps, abortionists, depraved theologians, and corrupt politicians, oh, sorry, I already said pimps.
We read: “The pontiff added that the general secretariat of the synod and the Vatican’s dicasteries will assist him in this task [‘listening, convening, discerning, deciding, and evaluating’].”
With due and genuine respect in these complex times, this is a most challenging next task—now from the focus group recommendations—to precisely lift out the baby, yes, from the bathwater, also yes, so as to not contradict other elements of the existing ordinary Magisterium.
Recalling in another and interreligious context that it’s only an Islamic principle to actually “abrogate” what came before by what comes afterward. Listening, too, to the Catholic layman St. Thomas More, speaking in yet another context only of king’s and laity: “Some men think the Earth is round, others think it flat; it is a matter capable of question. But if it is flat, will the King’s command make it round? And if it is round, will the King’s command flatten it?”
That “quote” is from A Man For All Seasons, and not actually from St. Thomas More. There is no question whatsoever (based upon overwhelming scholarly evidence) that in the entire West during his era, and even the two millennia preceding his time, that the roundness of the Earth was common and universally-accepted everyday knowledge as understood by all of society. Since the opposite claim (which is pure nonsense) is so commonly mobilized for anti-Catholic historical propaganda purposes today (“stupid backwards Medieval Catholics”), I just wanted to get that out there.
Yes, Robert Bolt’s “A Man for All Seasons,” 1960). Also, this, possibly referring today to a few heroic backwardists:
“If we lived in a State [etc.] where virtue was profitable, common sense would make us good, and greed would make us saintly. And we’d live like animals or angels in the happy land that needs no heroes. But since in fact we see that avarice, anger, envy, pride, sloth, lust and stupidity commonly profit far beyond humility, chastity, fortitude, justice and thought, and have to choose, to be human at all…why then perhaps we must stand fast a little–even at the risk of heroes.”
Well, my deed will be to conclude this was all a fraudulent waste of time and money.
My opinion of this Vatican can’t get much lower. Sad.
But like all communist governments, the Vatican will declare it a great success.
Thank God it’s over. The People of God can now attend to their collective headache which this papacy has no difficulty at all provoking.
The choices of the Pontiff Francis and his “synod-cultists-of-apostasy-and-queer-neo-pagan-Rupnik-abuser-church” do not involve the whole Church, they pertain only to their own hermetically sealed cult.
I am not as optimistic. Although the authors of the document (which I forced myself to read in its entirety) refer to the Vatican II and make themselves its heirs, to me they are the heirs of the so-called “spirit of the Vatican II” about which pope Benedict discoursed in his ‘Milestones’. He wrote with a palpable astonishment about what was going on: a theological madness, triumphant denial of an apostolic tradition, destruction of beauty, chaos in minds – in a word, a phenomenon which he and his collaborators had never envisaged. I will add to this a disregard of “people of God” under the mask of doing it for them (this is what is happening now as well). I truly believe that what we have now is a legalization of that “Vatican II spirit” and nothing else. If before one could try to appeal to a tradition, Church’s life as it was before now it is impossible because only “synodality” matters. And anyone can call “synodality” anything he wants, as long as it fits into a general vague agenda of a mutual petting of the ego. Being stripped of all verbal fluff, “synodality” boils down to a motto “if you see me as nice, I will see you as nice and will glorify you and you will glorify me”. It is easy to see that God (who is to be adored and glorified) must go because He is in the way of the cult of self-adoration.
Thus, the whole thing is very insidious and very far from being “sealed”. “The things” will find a response in people’s ego and will go on. Don’t get me wrong, I am all for improving interpersonal relationships within the Church (Rupnik’s case being a symbol of wrong models of interpersonal relationships), throwing away misogyny or any disrespect of others but it is not what is happening. Paradoxically, they throw away the only measure which can help in that, Jesus Christ. You are against misogyny? – Good on you, write an encyclical which is drawn on how Our Lord had dealt with women. Make theological-psychological treatise and oblige all to implement it, in their own minds and parishes. Make study groups. I am sure it is done, there will be no need to throw in populist “empowering women” whatever.
Anna –
You are certainly correct about my words saying that “Pontiff Francis and his synod-cult” are “hemertically sealed.” That was poorly stated by me.
And I, like you, see no reason to be optimistic about the faithfulness of the establishment of the Roman Catholic Church. I believe that the intention of most of the establishment of the Roman Catholic Church (i.e., the Pontiff Francis, and it seems most Cardinals and Bishops and “Team-Francis-celebrities” I can observe in Europe, North America and South America) is to apostasize and de-capitate the Body of Christ (I am using the decapitation metaphor employed by Fr. Robert Imbelli).
I guess the only thing I can say is that I am not an apostate, and that since they are, they are excommunicating themselves from the Body of Christ. Where that leaves people like me (and you and others) is I guess where the men and women of the Ordinariate are: they have not apostasized, but their Church, the Church of England, has already formally apostasized, and they (the Ordinariate) are the dwindling remnant of the faithful who sought refuge in the CAtholic Church under Pope Benedict XVI.
My only hope is in the one who desrves our hope: Christ our King. And my only communion is with those who worship and obey and profess him as the head of his Church, the Body of Christ.
Chris, I share your position fully.
Years ago I began noticing the utmost banality in what was happening so the words “the banality of evil” kept popping up in my mind.
What can be more banal (and absurd) than swapping theosis (man to become God, to be with Christ in love) with an inflated reflection of oneself in a narcissistic mirror held by others, a pathetic attempt to become a little god! The New Banal Church is, in essence, a place where each person holds a flattering mirror for the other and vice versa endlessly; altogether they create a maze of reflections, an endless corridor in which they “journey” in perfect “mutuality”. Those reflections merge and this is their “unity” which exists only in a mirror, instead of true unity via Christ.
Even when I was an atheist in my youth, who did not identify with the concept of sin, I still recognized personal evil, which is self-evidently self-worship. It was a mystery to me that the religious people I met did not seem to grasp such an easy concept. I realized their “religion” had to have declined to a place of systematically reinforced disassociation from the principles they claimed.
Thank you Anna.
Among the petitions of the Anima Christi, one resounds in these days: “Passion of Christ…strengthen me.”
The Holy Spirit strengthen you, and me, and all of us, as one Body, with the mind and heart of Christ our King.
Anna, There are a great many astute comments posted here at CWR.
Congratulations on posting one of the all time best.
The “spirit of Vatican 2” is often an excuse to not really knowing and doing the truth of Vatican 2 – and often rejecting the latter out of a genuine caution towards “fundamentalism.’ The Democrats often attempt to not follow the Constitution by appealing to doing the “spirit of the Constitution” as well for the same reasons. And so the pendulum swings too far towards “spirit.” How about we do both the spirit of Vatican 2 and the substance of Vatican 2, but if the spirit contradicts the substance, let go of one’s interpretation of “spirit” because we could be following the wrong spirit. Forget pendulum swinging. We are supposed to walk the middle path.
Dear Fred
I think you’ll find the term “Freemasonic Spirit of Vatican II” explains everything.
Kind regards
Mr C.N.
Yeah, that’s right up there with “Babylonian mysticism”. Sigh.
Which is it?
“I believe in one, holy, catholic and apostolic Church.””
“…guide for the mission of the Churches, on the different continents, in the different contexts…”
As the Ordinary Magisterium exercised absent of agreement with pontiff and bishops on a definitive teaching of faith and morals – in this instance it’s not infallible. As Francis says the final document is a guide.
Nevertheless the pronouncement by Pope Francis appears to give the bishops and lay participants an independence in development of guidelines that potentially become doctrine. Whether doctrine can be developed independently of the Roman pontiff and the universal body of bishops [referring to bishops and cardinals who are not participants] is problematic.
A sure sign of intelligence is simple profundity.
So what were once Synods of Bishops will now be Synods of Bishops, Priests, Sisters, Car Salesmen, Teachers, Financial Advisors, HR Directors, Assistant Principals, Cashiers and Truck Drivers…
Remind me. Is this the Catholic Church we’re talking about, or the Rotary Club?
Reform? In what sense? To correct error and sin, or to “re form” into a new entity? Whatever their intent understand “reform” as further mutilation.
These theatrics have no credence.
James, always in delighted agreement with your very succinct comments.
But, eh, about reform and the “new entity,” why be so non-inclusive? If one were to fumigate the termite-infested sectors of the Vatican, surely multiple new infestations would spring up in each of the substitute continental assemblies or entities (plural).
If these up-to-seven mixed-company town hall meetings ever presume synodally to be more than what they are, why surely you could agree that even this polyhedral outcome is still biblical…
“When the unclean spirit has gone out of a person, it passes through waterless places seeking rest, but finds none. Then it says, ‘I will return to my house from which I came.’ And when it comes, it finds the house empty, swept, and put in order. Then it goes and brings with it seven other spirits [!] more evil than itself, and they enter and dwell there, and the last state of that person is worse than the first. So also will it be with this evil generation” (Mt 12:43-45).
QUESTION: Like the Synod on Synodality, now will the “hot-button” study groups also offload their hot-potato themes, geographically?
We are all Protestants now
Am I allowed to protest that comment?
How so are we all Protestants? I am a Catholic who accepts that the Pope is Francis. Pope Francis says make a mess. I say Synodaling is a suicidal form of clericalism. Is that opinion messy enough in your opinion for you to agree that I am being a faithful Catholic?
Note that I never commented during previous pontificates. Should the next Pope return us to clarity on matters of Sacred Scripture and Tradition, and should said Pope ask us to refrain from making a mess, I will gladly cease throwing peanut shells from the upper gallery.
Dear Fool!
Your comments from the peanut gallery are the silver lining of this Synodolytrous Bergoglian fiasco! (Am I right in thinking that “fiasco” is an Italian word?)
And they are amusing enough that I cannot honestly say that I wish there had never been a Bergoglian papacy.
Glad we are together in the peanut gallery. My understanding is that fiasco is the Italian word for flask or wine bottle from medieval Latin. Perhaps the Bergoglio family made wine bottles long ago in Italy? The Asti region where they are from is known for wine. 🍷 So maybe this is how we are supposed to make a mess?
Wikipedia adds to your definition: A fiasco (/fiˈæskoʊ/, Italian: [ˈfjasko]; pl.: fiaschi) is a traditional Italian style of bottle, usually with a round body and bottom, partially or completely covered with a close-fitting straw basket. The basket is typically made of sala, a swamp weed, sun-dried and blanched with sulfur. The basket provides protection during transportation and handling, and also a flat base for the container. Thus the glass bottle can have a round bottom, which is much simpler to make by glassblowing.[1] Fiaschi can be efficiently packed for transport, with the necks of inverted bottles safely tucked into the spaces between the baskets of upright ones.
Note the basket is made from SWAMP WEED, blanched with sulfur. Now we know the origin of the bad smell.
Exercising his atheistic mind as he does affects crimes against humanity. Not a laughing matter. And can a criminal pope retain the papacy?
God’s Fool,
Actually is quite a mess to say that “the Pope is Francis;” the different and less autocratic expression is that “Francis is the Pope.” Hence, the mess of the so-called Francis Magisterium.
As a forwardist, making my own little mess in the year 11 AF, I prefer to acknowledge the illustrious messy autocracy of the personal magisterium of Francis.
Distinctions are so BF (Before Francis).
Happy Halloween!