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The Vatican Tribunal issues a more than 700-page document citing reasons for its judgement, made public in December 2023, noting how the defendants had a fair trial with full guarantees. Mincione's massive 2014 investment in a high-risk fund was a gamble contrary to the prudence required by the rules; Torzi's investment against the Secretariat of State marked aggravated fraud and extortion. Becciu's entrusting of 600,000 euro to Marogna was grievous.
The Tribunal also explains the legitimacy of the Promoter of Justice's decision not to deposit all the WhatsApp messages at its disposal because they were connected to other hypotheses of offenses and areas of investigation.
In fact, the regulations in force require “prudent management aimed first and foremost at the preservation of assets, even when seeking to increase them, by evaluating the opportunities for gain even if they are measured against a possible and in any case limited possibility of loss.” It was therefore necessary to take into account the amount of risk, the amount of the assets invested and the possibility of maintaining some degree of control over management as well as the costs of the operation.
The judgement also noted that “it certainly could not have escaped a person with the experience and skills of the then Substitute Becciu” who Mincione was, either from press information or from information gathered by the Vatican Gendarmerie, which had advised against doing business with him.
The latter, moreover, “also acted as legal counsel for the Secretariat of State itself,” convincing “the top management of the Dicastery that with the London Agreements the objectives they had set for themselves had been achieved, namely that the Secretariat of State was the sole economic beneficiary of GUTT and that, through GUTT, it had substantial control of the property” - which was not true at all.
The ruling examines the affair and divides it into two distinct phases: in the first, Becciu and Marogna turned to a British agency, Inkerman, specialising in kidnapping and abduction cases “to which the total sum of €575,000 was paid by the Secretariat of State in two instalments between February and April 2018.
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