BGL and Spuerkeess signed off on overdrafts of millions of euros for Caritas at the height of the alleged embezzlement of €61 million from the charity, raising further questions about compliance gaps in the financial scandal.
A suspect is under investigation and handed themselves in last month after the alleged theft from the charity, which was reportedly carried out by a staff member.
State open to resume funding Caritas ‘under certain conditions’
The role of the two banks in approving huge loans to Caritas was the focus of a report by online news website Reporter.lu, which first published details of the transactions on…
