UK judge overturns Vatican request to seize accounts of Italian broker

Catholic Church

Religion / Catholic Church 180 Views 0

Vatican Metropolis, Mar 26, 2021 / 01:00 pm (CNA).- A British decide has reversed the seizure of the accounts of an Italian broker underneath investigation by the Vatican, saying that Vatican prosecutors withheld and misrepresented info in their request to the U.Okay. courtroom.

Decide Tony Baumgartner of Southwark Crown Courtroom overturned another decide’s choice to seize the British-based accounts of Gianluigi Torzi, as requested by Vatican prosecutors.

Torzi was arrested by the Vatican last summer time on fees of two counts of embezzlement, two counts of fraud, extortion, and money laundering.

Torzi is beneath investigation by the Vatican after he helped broker the Secretariat of State’s controversial purchase of a London property improvement. The Vatican alleges that in doing so, Torzi was a part of a conspiracy to defraud the secretariat of tens of millions of euros.

In his 42-page ruling, made public this week and first reported by the Catholic investigative information website The Pillar, Baumgartner wrote that the Vatican’s “non-disclosures and misrepresentations are so appalling that the last word sanction” to reverse the seizure of the belongings was applicable.

He stated, “I don't think about there's affordable cause to consider that Mr. Torzi has benefited from felony conduct,” because the Vatican argued.

A replica of the courtroom’s ruling was offered to CNA by a member of Torzi’s press staff.

The secretariat purchased the property at 60 Sloane Avenue in London in levels between 2014 and 2018 from Italian businessman Raffaele Mincione. Torzi brokered the sale, earning hundreds of thousands of euros for his position within the last stage of the deal.

Torzi bought the secretariat the 30,000 majority shares in Gutt SA, the holding company by means of which the London property was purchased, while he retained the 1,000 shares with voting rights.

The Vatican claims Torzi was “secretive and dishonest” when he retained the voting shares, while Torzi argues that every thing was transparent and communicated to Vatican officers in conversation and in paperwork signed by them.

In his ruling, Baumgartner sided with Torzi, saying the declare that the broker was “secretive and dishonest” was not supported by the proof earlier than him and a “misrepresentation” by Vatican prosecutors.

Of their case towards Torzi, Vatican prosecutors stated that Torzi knew Enrico Crasso, an investment supervisor for the secretariat, and secretariat officials Fabrizio Tirabassi and Msgr. Alberto Perlasca, have been appearing outdoors their actual authority to defraud the secretariat.

The decide stated the claim, which is “the crux” of the Vatican’s case towards Torzi, was not steered by the proof introduced, together with the fact that the transaction “was expressly authorised and approved by Archbishop Peña Parra in his proxy to Monsignor Perlasca dated 22 November 2018.”

“I have seen nothing to recommend that Mr. Torzi knew or suspected Monsignor Perlasca was appearing aside from in accordance with what he was telling his superiors inside the Secretariat together with, finally, the Secretariat himself, Cardinal Parolin,” Baumgartner wrote.