Secretary of State Pietro Parolin considered the Vatican's London property deal a “valid” and “protected” investment, EditorialeDomani.it reported with reference to a leaked March 4, 2019 letter.
Parolin asked the Vatican bank (IOR) for a €150 million loan. According to EditorialeDomani.it, Parolin’s involvement in the deal explains a “sudden cooling of the relationship” between him and Francis.
In July 2019, Gianfranco Mammì, IOR's director general, lodged a complaint against the deal. This caused a criminal investigation.
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