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Pope Francis has formally stripped the Vatican secretariat of state of its financial assets and real estate holdings following its bungled management of hundreds of millions of euros in donations and investments.

The outcome is essentially what was sought years ago by Australian Cardinal George Pell, Francis’ first economy minister who clashed with the secretariat over his financial reforms and efforts to wrest control of the department’s off-the-books funds.

Cardinal George Pell has long fought to reform the Vatican’s finances. Photo: AAP Cardinal Pell had to abandon his reform efforts in 2017 to face trial for sexual abuse in Australia, but he was acquitted and recently told The Associated Press he felt vindicated that the wrongdoing he tried to uncover was being exposed.

The secretariat’s handling of donations and investments is now the subject of a corruption investigation.

Pope Francis has formally stripped the Vatican secretariat of state of its financial assets and real estate holdings following its bungled management of hundreds of millions of euros in donations and investments. The outcome is essentially what was sought years ago by Australian Cardinal George Pell, Francis’ first economy minister who clashed with the secretariat over his financial reforms and efforts to wrest control of the department’s off-the-books funds. Cardinal George Pell has long fought to reform the Vatican’s finances. Photo: AAP Cardinal Pell had to abandon his reform efforts in 2017 to face trial for sexual abuse in Australia, but he was acquitted and recently told The Associated Press he felt vindicated that the wrongdoing he tried to uncover was being exposed. The secretariat’s handling of donations and investments is now the subject of a corruption investigation.

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[–] 1 pt

This pope is jewish! Wake up