Cyprus scraps 'golden passport' scheme after politicians caught in undercover sting
by David Pegg from on (#592BJ)
Official and lawmaker filmed pledging to support application from fictitious investor with criminal record
Cyprus has announced the suspension of a golden passport" scheme to sell citizenship to wealthy investors following a sting by investigative journalists.
Al-Jazeera's investigative unit filmed high-ranking Cypriot politicians, including the parliamentary speaker Demetris Syllouris, promising to support the sale of a Cypriot passport to representatives of a fictitious Chinese businessman with a money-laundering conviction.
Continue reading...