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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Italian police on Monday said they had issued an arrest warrant for tax fraud for a financier already accused by the Vatican of embezzlement in an opaque London property deal. Gianluigi Torzi was arrested in June 2020 by Vatican authorities, who accused him of extortion, embezzlement, aggravated fraud and money laundering while acting as their intermediary for the purchase of a luxury apartment building. After Torzi was released on bail, Italian police began their own investigation, undercovering new evidence of fraud unrelated to the real estate transaction, according to a statement issued Monday by the financial crimes police. Torzi, who has denied wrongdoing in the Vatican property deal, is currently believed to be in London. The 2018 London real estate scandal underscored the opaque financial dealings of the Vatican's state administration, which Pope Francis has tried to clean up. In December, Francis stripped the powerful Secretariat of State of oversight of its financial assets, while transferring out of its hands the management of collection money destined for the poor. Vatican authorities allege that Torzi made an illegal profit of 15 million euros ($17.9 million) on the 2018 real estate deal while acting as their go-between. Italian police now claim he took part of his proceeds from the London deal and, routing it via two of his English companies, bought shares in the Italian stock market worth 4.5 million euros. That netted him hundreds of thousands of euros in profit after a few months. He is accused of defrauding the Italian tax system by providing fake invoices. According to the account published on the Vatican website just after his arrest, Torzi was alleged to have fraudulently acquired voting rights in a company that controlled the London apartment block at 60 Sloane Avenue. He then allegedly demanded large sums of money from the Vatican to cede these voting rights, worth some 15 million euros in early 2019. The Vatican obtained a court order freezing his assets in London but an English judge overturned it last month, claiming there was insufficient evidence of criminal wrongdoing. ljm/ar/ams/mjs
schema:headline	Broker in Vatican property deal faces fresh accusations
schema:mentions	Extortion City of London Yasser Arafat Italian language Embezzlement Fraud Money laundering Arrest warrant Stock market Holy See Pope Francis Court United Kingdom Taxation in Italy Sloane Avenue LJM (Lea Jeffrey Matthew)
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-12 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	83 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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