UK court refuses to say financier acted in 'good faith' in Vatican deal but says he wasn't dishonest

A British court largely backed the Vatican in refusing to declare a London financier acted in “good faith” in a 350-million euro investment, despite the financier claiming victory in proving he wasn’t dishonest or illegal. Raffaele Mincione sought to clear his name in British courts after being convicted by a Vatican tribunal, with the British court granting 29 of his 31 claims but noting his failure to protect the Vatican from fraudulent actions. The Vatican expressed satisfaction at the ruling, which was the first time it had been put on trial in a foreign court due to financial crimes surrounding its London investment.

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