A British court on Friday largely backed the Vatican and refused to declare that a London-based financier acted in “good faith” in his dealings over the Holy See’s 350-million euro (US$375 million) investment in a London property.
The British High Court said the Vatican “had reason to consider itself utterly let down” in its experience with Raffaele Mincione, who had managed the money-losing investment for the Holy See for a number of years before another financier took over.
