The powerful head of the Vatican’s saint-making office, Cardinal Angelo Becciu, resigned Thursday from the post and renounced his rights as a cardinal amid a financial scandal that has reportedly implicated him indirectly.
The last time a cardinal’s rights were removed was when American Theodore McCarrick renounced his rights and privileges as a cardinal in July 2018 amid a sexual abuse investigation. He was subsequently defrocked altogether by Francis last year for sexually abusing adults as well as minors. At 72, Becciu would have been able to participate in a possible future conclave to elect Francis' successor. Cardinals over age 80 can’t vote. But by renouncing his rights as a cardinal, Becciu has relinquished his rights to take part.
The Holy See decided in November 2018, after Becciu had left the secretariat of state, to exit the fund, end its relationship with the businessman and buy out the remainder of the building. It did so after Becciu’s successor determined that the mortgage was too onerous and that the businessman was losing money for the Vatican in some of the fund’s other investments.
Since the church has so much money, why aren’t the doing more for their own people?
Sure, but that's a simple case of greed. What about all the condom company shares the Vatican owned for years and refused to sell off even when the public found out about them?
Follow the money....I'd bet this is only a fraction of the shady deals the Vatican is involved in.
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