Yet Another Huge Setback in Vatican’s “Trial of the Century”

The so-called “trial of the century” in the Vatican adds a new international setback. The Swiss federal prosecutor’s office has archived the criminal proceedings against financier Enrico Crasso, former advisor to the Secretariat of State, due to a lack of evidence of wrongdoing in the management of the Centurion fund. The decision, known on April 28, not only closes the Swiss front but also questions at its root the narrative sustained by the Vatican for years.

According to Il Giornale, prosecutor Annina Scherrer found no evidence of fraud or corruption, thus dismantling the accusations presented in 2020 by the Secretariat of State itself.

Crasso is not a minor figure. For over a decade, he was one of the main financial managers of the Vatican, operating through his company Sogenel Capital Investment and managing large-volume investments.

His name became linked to the scandal of the Sloane Avenue building in London, an operation that involved around 350 million euros from the Holy See and led to estimated losses of at least 139 million. For his role in that operation, he was sentenced in December 2023 to seven years in prison for embezzlement and self-laundering in the Vatican court.

However, even in that sentence, he was acquitted of all charges related to the Centurion fund, the same one now analyzed by Swiss justice and which has been completely archived.

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