Vatican City, Sep 25, 2020 / 08:00 am (CNA).- Following his resignation yesterday, new reports reveal details of how Cardinal Angelo Becciu managed Vatican financial affairs, developing a story CNA first broke last year.

Portfolio statements show that Becciu used millions of euros of Vatican charity funds in speculative and risky investments, and that he directed Vatican and Italian bishops’ money to go toward “loans” for projects owned and operated by his brothers.

Becciu resigned as prefect of the Vatican’s Congregation for the Causes of Saints and from the rights extended to members of the College of Cardinals Sept. 24.

Praise the Lord

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