The Vatican said Friday it has signed a contract to sell a luxury London building that is at the heart of a fraud and embezzlement trial under way in the Vatican's criminal tribunal, recovering more than it expected from the loss-making investment.
The Vatican’s economy ministry also revealed, in releasing the the Holy See’s budget for 2022, that 10% of the deposit has been received and the sale is expected to be concluded in June. The budget foresees a narrowing of the Holy See’s deficit to €33 million euros ($37 million) from €42 million euros last year.
