Pope: ‘Bling’ bishop to resign

(CNN) — Pope Francis has accepted the resignation of a German bishop who was under investigation for spending $42 million on the renovation of his residence.

Bishop Franz-Peter Tebartz-van Elst is known as the “Bling Bishop” because of his extravagant lifestyle.

According to a Vatican statement, Tebartz-van Elst will be given another occupation in due time.