Cyprus to revoke 10 more passports issued under discredited citizenship scheme

NICOSIA: Cyprus on Wednesday said it would strip citizenship from 10 individuals, among thousands who benefited from a cash-for-passports scheme which collapsed under accusations of corruption in 2020.

Cyprus gave passports to more than 7,000 people under a citizenship scheme which in its final form gave citizenship to individuals investing a minimum 2 million euros. It was popular with Russian and Asian investors.

Wednesday’s cabinet decision involved three investors and seven dependants, government spokesperson Niovi Parisinou said in a written statement, without identifying the people or their nationalities.

The process to revoke citizenship had started against 60 investors and 159 family members in total since last October, she said.

Six individuals have already had their passports revoked, Parisinou added.

Once championed by the government, the passport scheme was abandoned in 2020 after a barrage of news reports suggesting that fraudsters and fugitives from justice had benefited along with bona fide investors. The European Union also frequently raised misgivings about the programme.

Two official investigations have said the scheme ran without adequate oversight, with one report suggesting some investment transactions could have been fictitious. – Reuters

Read More

Categories:

Leave a Reply

Your email address will not be published.

Buy valid Drivers License Online, Buy Real EU Driver's License Online, Buy Fake Driver's License, Buy Registered Driver's License Online, Buy Real Driver's License Online, Buy Real Passport Online, Buy Real EU Passport Online, Buy Legal Passport Online, Buy USA Passport Online, Buy Passport Online, Buy fake passport online, Buy International ID Cards, Buy ID Cards Online National Identity Card Online, How Russian Driver's license Online, Buy German Resident permit online, Buy Registered marriage Certificate, Buy Original birth Certificate, Buy Covid 19 vaccination card , Buy EU ID card online , Buy fake documents online, Buy Euro Banknotes online, Buy High Grade Counterfeit, Buy fake dollar bank notes, Buy Undetectable Counterfeit Banknotes, Buy Counterfeit Money Online, Buy Fake Notes Online, Real Resident Permit Cards, Resident Permit Card , Buy Real Resident Permit Card Online