Pope Francis Admits Financial Corruption in the Vatican

Pope Francis is welcomed by Secretary-General Ban Ki-moon and receives flower bouquets from children of UN staff members at the start of his visit to UN Headquarters (file photo). UN Photo / Mark Garten
Pope Francis is welcomed by Secretary-General Ban Ki-moon and receives flower bouquets from children of UN staff members at the start of his visit to UN Headquarters (file photo). UN Photo / Mark Garten

Pope Francis has admitted that there is financial corruption in the Vatican. It is stated to be the first time that pope has acknowledged corruption in Vatican funds.

According to DW News (a global English-language news service from German international broadcaster Deutsche Welle), pope admitted Tuesday (November 26) that a probe is in progress into the allegedly fraudulent use of the Peter’s Pence, the pope’s charity fund, to buy a luxury property in central London.

Pope added that the ongoing investigation will establish the identity of the guilty and the extent of corruption. “There is corruption, it’s clear,” he added.

Earlier, pope had maintained that such a purchase of luxury property is not necessarily a misuse of charity funds. “They did things that do not seem clean,” pope observed now.

According to London-based Roman Catholic newspaper, The Catholic Herald, pope is satisfied with the Vatican financial reforms and stated that the Vatican prosecutor, called the Promoter of Justice, had filed reports about some instances of corruption inside the Vatican.

The report adds that pope commented on the Vatican financial scandal in response to a question related to the Secretariat of State’s investment of nearly $200 million in a London property development at 60 Sloane Avenue in Chelsea.

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Rakesh Raman