Page 5 - பேராயர் எட்கர் பெனா பார News Today : Breaking News, Live Updates & Top Stories | Vimarsana

WHAT’S THE DEAL ABOUT? The Vatican’s Secretariat of State in 2013 decided to invest an initial 200 million euros in a fund operated by Italian businessman Raffaele Mincione, with half the money put into the London building, half in other investments. By 2018, Mincione’s fund, Athena Capital, had lost 18 million euros from the Vatican s original investment, prosecutors say, prompting the Vatican to seek an exit strategy while still retaining its stake in the building in London’s swank Chelsea neighborhood. Enter Gianluigi Torzi, another broker, who helped arrange a 40 million euro payout by the Vatican to Mincione for the shares in the building that the Holy See didn’t already have.

Vatican cityCity ofUnited kingdomHoly seeVatican city stateCardinal angelo becciuRaffaele mincioneGianluigi torziCardinal pietro parolinPope francisEdgar pena parraPena parraCecilia marognaCatholic churchCouncil of europe moneyvalAthena capital