Search

Vatican indicts former head of Catholic Church, 9 others over London property deal

Web Desk 11:58 PM | 4 Jul, 2021
Vatican indicts former head of Catholic Church, 9 others over London property deal

The Holy See said in a statement on Saturday the head of the Catholic Church's saint-making office is facing trial over a €350 million ($415 million) investment in a London real estate venture.

Once powerful Cardinal Angelo Becciu and nine others will be prosecuted under the Vatican's legal system.

Becciu was relieved of his duties within the Vatican administration in September when Pope Francis told him that he had been accused of siphoning off charity funds to help his siblings.

Now a Vatican criminal tribunal has indicted the 73-year-old Italian, along with four other Church officials and an Italian businessman on charges of extortion, abuse of office and fraud.

An Italian intelligence expert was also indicted on alleged embezzlement charges.

The suspects have denied wrongdoing.

 July 27 trial date after 2-year investigation

The tribunal president, Judge Giuseppe Pignatone, set July 27 as the trial date, says Saturday's statement.

A 487-page indictment was issued after a two-year investigation into how one of the oldest departments in the Church administration, the Secretariat of State, managed its asset portfolio, much of which is funded by donations.

Vatican prosecutors accuse the main suspects of siphoning millions of euros from the Holy See in fees and other losses.

According to prosecutors, Becciu helped engineer the initial London investment when he was the chief of staff in the Secretariat.

Since emergence of the scandal last year, financial contributions to the Church have dropped sharply and prompted the Pope to strip the office of its ability to manage the money.

Web Desk
Web Desk

Daily Pakistan Global Web Desk

Advertisement

KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on February 02, 2023 (Thursday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 271.1 271.6
Euro EUR 298.27 298.87
UK Pound Sterling GBP 335.5 336.2
U.A.E Dirham AED 73.03 73.33
Saudi Riyal SAR 71.49 71.80
Australian Dollar AUD 188.9 191.3
Bahrain Dinar BHD 712.73 720.73
Canadian Dollar CAD 200.95 203.15
China Yuan CNY 39.67 40.07
Danish Krone DKK 39.11 39.51
Hong Kong Dollar HKD 34.19 34.54
Indian Rupee INR 3.28 3.39
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 877.76 886.76
Malaysian Ringgit MYR 62.83 63.43
New Zealand Dollar NZD 173.25 175.25
Norwegians Krone NOK 26.76 27.09
Omani Riyal OMR 696.08 704.08
Qatari Riyal ‎QAR 73.62 74.32
Singapore Dollar SGD 204 206
Swedish Korona SEK 25.61 25.91
Swiss Franc CHF 291.69 294.19
Thai Bhat THB 8.15 8.3

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs207,100 on Thursday. The price of 10 grams of 24k gold was recorded at Rs175,670.

Likewise, 10 grams of 22k gold were being traded for Rs164,500 while a single tola of 22-karat gold was being sold at Rs 179,100.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 207,100 PKR 2,420
Karachi PKR 207,100 PKR 2,420
Islamabad PKR 207,100 PKR 2,420
Peshawar PKR 207,100 PKR 2,420
Quetta PKR 207,100 PKR 2,420
Sialkot PKR 207,100 PKR 2,420
Attock PKR 207,100 PKR 2,420
Gujranwala PKR 207,100 PKR 2,420
Jehlum PKR 207,100 PKR 2,420
Multan PKR 207,100 PKR 2,420
Bahawalpur PKR 207,100 PKR 2,420
Gujrat PKR 207,100 PKR 2,420
Nawabshah PKR 207,100 PKR 2,420
Chakwal PKR 207,100 PKR 2,420
Hyderabad PKR 207,100 PKR 2,420
Nowshehra PKR 207,100 PKR 2,420
Sargodha PKR 207,100 PKR 2,420
Faisalabad PKR 207,100 PKR 2,420
Mirpur PKR 207,100 PKR 2,420

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter