Vatican will lose $115 million in London real-estate debacle
November 08, 2021
» Continue to this story on Financial Times
CWN Editor's Note: The Vatican stands to lose €100 million—$115 million—in the pending sale of a London property that has been the main focus of a financial scandal. The sale of the property, now being negotiated, is expected to bring in €200 million; the Vatican invested €350 million in the property. Questions about the transaction led to a series of criminal charges, and prompted the historic Vatican trial that is now underway.
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