PM Drew has already given the go-ahead for the judicial review and is the second regional PM this week to say he is ready to revoke citizenships.
Anastasia Barna says clients who have qualified for Caribbean citizenship via “the $80,000 option” are running the risk of revocation.
MSR Media says it may also sue CBI companies that enable discounting, and claims to have new evidence of criminal financial transactions.
Consensus among CBI service providers is that as long as CIUs look the other way and impose no real consequences, the problem will persist.
If appeasing the EU was Malta’s goal, says Philippe May, it was unsuccessful. “These people are driven by ideology. They will never give up.”
In a follow-up circular to this week’s announcement that the Grenada Citizenship by Investment Programme had lowered its real estate investment requirement to US$220,000, the program’s CIU makes it clear that the practice of discounting CBI-real estate will not fly in Grenada.
As Dominica’s CIU warns agents not to offer “special discounts” on citizenship, several agents say the CIU has been handing