Cyprus deprived of citizenship 26 buyers “Golden passports”

Кипр лишил гражданства 26 покупателей "золотых паспортов"

Cypriot authorities began to confiscate the passports of suspect buyers of investment citizenship.

The Cypriot authorities have promised to check buyers “Golden passports” to revoke the citizenship of those who got it illegally, at the end of October. The first result followed a week later.

According to local editions of Sigma, in a list of 26 people were nine Russians, eight Cambodians, five Chinese, two Kenyan and one Malaysian and Iranian. This includes not only investors, but also their family members.

Only deprived of citizenship, whose name was found out Sigma, – 39-year-old Malaysian financier Joe Lowe, involved in the withdrawal of $4.5 billion from the sovereign Fund of the country in collusion with Prime Minister Najib Razak.

Under Cypriot law, to revoke citizenship within seven years after its issuance, if the person is prosecuted in any country of the world. Responsible for the operation the Minister of internal Affairs of Cyprus Constantinos Petrides said that the customer check the “Golden passports” should identify whether any of those accused of crimes or persons involved in the European sanction list.

Cyprus began to give citizenship by investment in 2014, at the peak of the financial crisis. At the beginning of 2019, the EU has criticized this practice, and program rules have been tightened: citizenship now can’t get the people who are denied other EU countries, and the investment threshold increased from €2 million to €2.5 million.

The current investigation began after the middle of October, Reuters found that Cambodian Prime Minister Hun sung, his cronies and relatives acquired the citizenship of Cyprus illegally withdrawn from the country money.

Earlier, divers from the Archaeological research center the Cyprus University found near the southeastern coast of Cyprus the remains of a Roman ship, which was carrying amphorae.