Major Financial Rules
  • Investing
  • Economy
  • Editor’s Pick
  • Latest News
  • Investing
  • Economy
  • Editor’s Pick
  • Latest News
No Result
View All Result
Major Financial Rules
No Result
View All Result
Home Latest News

Convicted cardinal demands to be part of conclave to choose new pope, setting up Vatican standoff

admin by admin
April 24, 2025
in Latest News
0
Convicted cardinal demands to be part of conclave to choose new pope, setting up Vatican standoff
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

A cardinal convicted of financial crimes by the Vatican is claiming he can take part in the forthcoming conclave despite being listed as a “non-elector.”

Cardinal Giovanni Angelo Becciu, once one of the most powerful figures in the Vatican, was ordered by Pope Francis in 2020 to resign the “rights and privileges” of a cardinal after he became embroiled in a Vatican financial scandal.

The Sardinian cardinal previously held the position of “sostituto” (“substitute”) in the Holy See’s Secretariat of State – a papal chief of staff equivalent.

The role offered Becciu walk-in privileges to see the pope and he commanded huge authority across the church’s central government. He was later moved to a position running the Vatican’s saint-making department.

Becciu was convicted of embezzlement and fraud in 2023 and handed a five-and-a-half-year jail sentence. He is the first cardinal to be convicted by the Vatican’s criminal court.

But the cardinal, who has always maintained his innocence, launched an appeal that’s currently still under consideration. He’s allowed to continue to live in a Vatican apartment while this process is underway.

While the Holy See press office has listed him as a “non-elector,” Becciu told a Sardinian newspaper on Tuesday that “there was no explicit will to exclude me from the conclave nor a request for my explicit renunciation in writing.”

The decision of his participation will likely be decided by the dean of the College of Cardinals, Giovanni Battista Re, and Cardinal Pietro Parolin, who will oversee the conclave proceedings inside the Sistine Chapel.

The investigation into Becciu centered on the Holy See’s disastrous investment in a London property that saw the church lose tens of millions of dollars.

During his papacy, Francis sought to clean up Vatican finances and changed the law to ensure that Becciu, as a cardinal, could be judged by a Vatican tribunal of judges.

Although Becciu lost his rights and privileges as a cardinal, he was never technically removed from the College of Cardinals. He is allowed to take part in the pre-conclave discussions.

Only cardinals under the age of 80 are allowed to vote in a papal election. As it currently stands, there are 135 eligible cardinals who will participate in conclave. Becciu is 76 and still eligible when it comes to his age.

This post appeared first on cnn.com

Previous Post

Dominican Republic deports dozens of Haitian pregnant women and children in hospital crackdown

Next Post

Car plows into crowd outside school in eastern China, injuring multiple people

Next Post
Car plows into crowd outside school in eastern China, injuring multiple people

Car plows into crowd outside school in eastern China, injuring multiple people

  • Trending
  • Comments
  • Latest
Trump Administration Fast Tracks Permitting for Key US Mining Projects

Trump Administration Fast Tracks Permitting for Key US Mining Projects

April 24, 2025
This 1,000-mile river suffered decades of oil spills. Now it’s a legal person, things could change

This 1,000-mile river suffered decades of oil spills. Now it’s a legal person, things could change

April 21, 2025
Chipotle to expand to Mexico amid Trump trade war with U.S. neighbor

Chipotle to expand to Mexico amid Trump trade war with U.S. neighbor

April 23, 2025
China’s Xi heads to Southeast Asia to strengthen ties as Trump focuses his trade war on Beijing

China’s Xi heads to Southeast Asia to strengthen ties as Trump focuses his trade war on Beijing

April 14, 2025
Navigating Earnings: Three Stocks, Three Different Stories

Navigating Earnings: Three Stocks, Three Different Stories

0
Tanzania’s top opposition party disqualified from polls, election commission says

Tanzania’s top opposition party disqualified from polls, election commission says

0
Pressures from Kyiv and Washington led to US ambassador’s resignation, sources say

Pressures from Kyiv and Washington led to US ambassador’s resignation, sources say

0
British government takes over running of UK’s last major steel plant from Chinese owner Jingye

British government takes over running of UK’s last major steel plant from Chinese owner Jingye

0
Navigating Earnings: Three Stocks, Three Different Stories

Navigating Earnings: Three Stocks, Three Different Stories

May 13, 2025
Unlock the Power of StockCharts’ NEW Market Summary Dashboard | Walkthrough & Tips

Unlock the Power of StockCharts’ NEW Market Summary Dashboard | Walkthrough & Tips

May 13, 2025
Britain sets out plan to toughen rules on migration, as Starmer combats surge in support for populists

Britain sets out plan to toughen rules on migration, as Starmer combats surge in support for populists

May 13, 2025
Mexican mayoral candidate gunned down during live broadcast of campaign rally

Mexican mayoral candidate gunned down during live broadcast of campaign rally

May 13, 2025
Master Your Money – Sign Up for Our Financial Education Newsletter!

    Ready to take your financial knowledge to the next level? Our newsletter delivers easy-to-understand guides, expert advice, and actionable tips straight to your inbox. Whether you're saving for a dream vacation or planning for retirement, we’ve got you covered. Sign up today and start your journey to financial freedom!

    Recent News

    Navigating Earnings: Three Stocks, Three Different Stories

    Navigating Earnings: Three Stocks, Three Different Stories

    May 13, 2025
    Unlock the Power of StockCharts’ NEW Market Summary Dashboard | Walkthrough & Tips

    Unlock the Power of StockCharts’ NEW Market Summary Dashboard | Walkthrough & Tips

    May 13, 2025
    Britain sets out plan to toughen rules on migration, as Starmer combats surge in support for populists

    Britain sets out plan to toughen rules on migration, as Starmer combats surge in support for populists

    May 13, 2025
    Mexican mayoral candidate gunned down during live broadcast of campaign rally

    Mexican mayoral candidate gunned down during live broadcast of campaign rally

    May 13, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: majorfinancialrules.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 majorfinancialrules.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Economy
    • Editor’s Pick
    • Latest News

    Disclaimer: majorfinancialrules.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 majorfinancialrules.com | All Rights Reserved