: :inin Kyiv (EET)

Cyprus denies new allegations in “golden passport” scheme

NICOSIA, Cyprus (AP) — Cyprus on Sunday denied fresh allegations that it was granting citizenship to foreigners accused of crimes in exchange for millions in investments, insisting that all those who received a passport met all criteria in place at the time.

The Cypriot parliament last month beefed up the eligibility criteria for the so-called “golden passport” investment program, which has brought billions in revenue since its introduction following a 2013 financial crisis. The program has attracted many investors because a passport from the Mediterranean island of Cyprus automatically grants its holder citizenship to the entire 27-member European Union.

Cyprus’ interior …read more

Source:: KXAN