A top Catholic cardinal and adviser to Pope Francis resigned on Thursday after he was caught up in several financial scandals within the Vatican.

Cardinal Angelo Becciu, who served as the No. 2 official in the Secretariat of State, was indirectly implicated in a London real estate scandal that has lost the Vatican millions of Euros over the past few years. In a rare move, Becciu resigned not only his official duties, but also his ability to act as a cardinal, meaning he will not be allowed to participate in the election of the next pope.