In his journal, Cardinal Pell warned of the Vatican’s annual financial deficits as one of two “major challenges” facing the Holy See, noting that future popes “will face huge financial challenges” if the annual deficits are not addressed.
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Marking the feast day of Our Lady of Fatima, The event began with a reflection by the 79-year-old Australian cardinal at the Angelicum’s Church of Sts. Dominic and Sixtus, one of Rome’s titular churches assigned to cardinals.
Marking the Feast of St. Joseph the Worker, Kari Beckman of Regina Caeli Academy says the 2nd annual in-person and virtual conference offers messages to help families thrive as domestic churches in this year of St. Joseph.
The report by an Australian newspaper, which drew on documents from Australia’s financial crime regulator, did not detail where the money was dispersed.
An Italian newspaper first reported Oct. 2 that an alleged money transfer was part of a dossier of evidence being compiled by Vatican investigators and prosecutors against Cardinal Becciu, who was forced to resign by Pope Francis on Sept. 24,
Alleged Vatican Money Transfers During Pell Trial Referred to Police by Australian Intelligence Agency
Cardinal Becciu has repeatedly denied any wrongdoing or attempt to influence the trial of Cardinal Pell.
Cardinal Becciu’s latest denial comes after speculative reports in Italian newspapers earlier this month indicated he had been accused of wiring money from an undisclosed Vatican account to Australia while Pell was facing a 2018 criminal trial.
Cardinal Pell, who was prefect of the Secretariat for the Economy from 2014 to 2019, returned to Rome on Sept. 30.
The Australian cardinal returned less than a week after the dramatic resignation of Cardinal Angelo Becciu.