On 29 December, the Daily Mail carried an article saying that a redacted report just published says that the authorities in Cyprus should consider stripping citizenship from a dozen individuals over their alleged involvement in acts of theft and fraud. The probe was into 42 foreign nationals who obtained a Cypriot passport in exchange for millions in investments. A redacted, 53-page report comes from the review of the country’s now-defunct citizenship-for-investment (CBI) programme. Along with those facing the loss of Cypriot citizenship, another 5 individuals could face charges for allegedly lying on their applications. According to the report, one investor used 2 different names and had tried to open bank accounts with each of them Another investor paid over €3.2 million to obtain citizenship in 25 credit card instalments inside of 30 minutes without raising any red flags. The report criticises the Cypriot Interior Ministry.
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