Pope shakes up running of Vatican funds after London property scandal


  • World
  • Thursday, 05 Nov 2020

FILE PHOTO: Pope Francis attends the weekly general audience in Aula Paolo VI at the Vatican, October 28, 2020. Vatican Media/?Handout via REUTERS/File Photo

VATICAN CITY (Reuters) - Pope Francis has stripped the Vatican's Secretariat of State of control over its own funds, moving them to the supervision of its economic offices in an attempt to contain the fallout of a scandal over a luxury London property deal.

The Secretariat of State is the most important department in the Vatican administration, overseeing the Holy See's diplomacy and general affairs inside the Vatican and has historically controlled its own funds, investments and real estate holdings.

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