ROME — The Vatican indicted 10 people Saturday, including an Italian cardinal, for financial crimes over a botched investment in London that allegedly squandered money intended “for the personal charity of the Holy Father.”
The announcement marked a major escalation in a long-simmering investigation into the Vatican’s investment in a luxury residential building in London. Among those who will stand trial later this month is Cardinal Angelo Becciu, who was once the third-highest-ranked figure in the Vatican and who helped oversee a substantial asset portfolio.
A Holy See spokesman said a special procedure, involving Pope Francis’s personal approval, was needed for the indictment of a cardinal. Becciu, who was removed from his position by the pontiff last year, faces charges including embezzlement and abuse of office.
The prospect of a cardinal facing a Vatican trial appears unprecedented in the modern history of the church, and is sure to amplify what had already…
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