Caritas Luxembourg received millions in bank loans in midst of fraud
Loans totaling as much as the charity’s entire cash reserves were approved as millions were being embezzled from its accounts
Two banks approved tens of millions of euros in loans for a Catholic charity while it was in the midst of a multi-million euro fraud.
The funds, totaling as much as the charity’s entire cash reserves, could account for as much as half the money believed to have been embezzled from its accounts earlier this year.
