"I resigned from the Foundation on 20 January", Marc Crochet confirmed to Reporter.lu, thus avoiding being dismissed for serious misconduct, as were the operational director and the human resources director. The fate of the financial director, who has been charged (but not convicted), is under house arrest and is still on sick leave, has not yet been decided.

"The financial director of Caritas committed the foundation to loan and overdraft agreements with Spuerkeess and BGL BNP Paribas totalling €33m. But, these transactions were not part of the day-to-day running of the business. However, the loans were granted by the banks without the approval of the members of the foundation's board of directors", the media outlet reported, which implies that the two banks were responsible for these unusual transactions.

Last week, the Public Prosecutor's Office announced the arrest of eight people, in France and Bulgaria, and the seizure of funds in Luxembourg and abroad, without specifying the amount or even how this money could be returned to Caritas.

Read the original French-language version of this news report /