The European Commission has stepped up legal action against Cyprus and Malta over their cash-for-passports schemes in a move that may eventually see them end up in court and face fines. The
Cyprus’ tarnished passports for cash scheme operated for 13 years with minimal oversight as the government broke the rules in granting citizenship to investors, an inquiry ruled. An inquiry into the scheme
Cyprus Interior Ministry said Wednesday it would study the findings of a damning inquiry into the passports for cash investment scheme ignominiously scrapped on 1 November. The interim findings of the probe
President Nicos Anastasiades said his government would announce Friday major anti-graft reforms after it scrapped its controversial passport-for-investment scheme last year. Cyprus dropped the “golden passport” scheme in November after Al Jazeera
Cyprus is not a bastion of investigative journalism as nature of the beast doesn’t allow for it roam in these protected waters where hearsay and subterfuge suffice. Students of the written word
President Nicos Anastasiades believes there are “orchestrated attempts to tarnish” him after the chief editor of a leading newspaper said he was forced to resign after claiming the Cypriot leader’s family law
Cyprus handed out ‘golden passports’ to shady foreign investors because it did not conduct the necessary due diligence through the now-discredited Citizenship for Investment Scheme. A 53-page report from a committee tasked
Cyprus Finance Minister Constantinos Petrides assured Nicosia will not re-establish the disgraced Cyprus Investment Scheme either in the same or similar format. The scheme was terminated in November after an expose by
Interior Minister Nicos Nouris told MPs Monday there was not a chance of the government resurrecting the disgraced passport for investment scheme. He said the Cyprus Investment Programme has been terminated once
The matter of the golden passports is well known after the Al Jazeera reports we expect there will be more follow-ups. Certainly, the €7 bln income produced mainly by the real estate
