'Conflict of interest'? — Mincione invested Vatican in Torzi bond before London sale

Washington, D.C. Newsroom, Oct 9, 2020 / 09:10 am (CNA).- When the Vatican purchased a London luxury apartment building from its investment manager in 2018, the building owner and the deal’s broker may have had a conflict of interest during negotiations. 

Raffaelle Mincione, the building owner, invested 10 million euros of Vatican funds into securitized debt packaged and sold by a company belonging to Gianluigi Torzi, the broker of the building sale, a CNA investigation has discovered.