A family from the South West has had an £8.1 million property portfolio seized by the National Crime Agency (NCA) after a civil recovery and tax investigation. Although the Davies family has not been convicted of any crime, they were unable to prove the provenance of the seized assets, which the NCA insist were acquired […]

Recently leaked documents suggest that the Vatican’s finances are in deficit and that the blame lies largely with the management of its property portfolio. The accusation is that the properties are not rented out at market values and that the portfolio made a loss of €22.6 million in 2018. The leaks are the latest embarrassment […]

Italian police have raided the offices of the First Section of the Secretariat of State and the State Financial Information Authority at the Vatican and seized documents and electronic devices as part of an investigation of suspected financial irregularities. The Secretariat of State, the most powerful department in the Vatican, is the nerve centre of […]