Police investigations into ‘suspicious’ Cyprus citizenship cases have recorded progress and a meeting at the Law Office of the Republic is to take place just after the Easter holidays for a thorough review.
This is what Philenews reported on Friday, adding that some 100 such cases came under investigation after corruption allegations stirred controversy both at home and abroad.
Cyprus has had a citizenship for investment plan in place since 2013, under which a minimum 2 million euro investment could acquire a passport and visa-free travel throughout the European Union.
The Golden Passport program was closed in Cyprus amid corruption allegations in October 2020.
Almost 6,800 foreigners have used the Golden Passport program to get Cypriot citizenship.
Reports brought to light shocking evidence that wealthy non-EU nationals received Cyprus citizenship after spending just days in the EU state.
The EU had repeatedly raised concerns over “golden passport” schemes in Cyprus but also Malta, and elsewhere.
