Cyprus: EU Golden Visa issuance halted

Cyprus suddenly stopped issuing gold visas after a press report and video of alleged corruption in a trial in which foreigners were encouraged to pay for a visa allowing them to stay in the country – and thus in the European Union. 

 

After years of denying that the system was used by criminals, mostly money laundering people. to buy an apartment, the Al Jazeera report and video showed that there were serious problems with the process. The recording led to a sudden meeting of the Cypriot government during which the generous program was abruptly interrupted. 

 


The Golden Visa program worked on the principle that applicants would get a residence permit after investing $ 2.5 million in real estate in the country. The money was desperately needed after the country’s economy almost collapsed completely in 2013 .


TheAl Jazeera report stated that Cyprus is providing passports to criminals and persons under investigation through the investment plan.

1400 application documents

The news agency’s preliminary investigation listed several people who appeared to be suspected of illegal activities and even wanted by the police during the acquisition of Cyprus citizenship through the investment scheme.

The HellasDaily retained all Al Jazeera’s names and retained all reservations: Mykola Zlochevsky: owner of energy giant Burisma. According to Al Jazeera, he obtained Cypriot citizenship in 2017 when he was investigated for corruption in his country, Ukraine. According to the report, in June 2020, Ukrainian prosecutors accepted an offer of $6 million to withdraw the investigation. Zlochevsky and Brisma denied understanding of bribery. 


 

Nikolay Gornovskiy: According to the publication, the former Russian energy giant Gazprom was already on the list of abuses when Cyprus approved his application in 2019.

Ali Beglov: Despite being jailed for extortion, he still obtained a Cyprus passport of Russian origin.

Zhang Keqiang: Although Chinese businessmen were jailed for fraud due to stock trading, they still received Cyprus passports.

Pham Nhat Vu: In Vietnam, his application was approved one month after he was accused of bribing millions of dollars through telecommunications transactions. He is currently serving three years in prison.

Leave a Reply

Your email address will not be published. Required fields are marked *

Bus Holiday Travel

Low cost bus travel from just €5

  Benefit from comfortable, low-cost European bus travel Jump on board one of our green buses and travel throughout Europe. Choose your route from our extensive network; with over 400,000 daily connections to over 2,500 destinations in 35 European countries, you really can explore Europe! Planning a backpacking trip in Europe? Want to go on […]

Read More
Covid-19 Portugal Social issues

Covid: Portugal has 90.3 cases per 100K inhabitants

  According to a joint announcement by the General Administration of Health (DGS) and INSA, Portugal has 90.3 SARS-CoV-2 cases per 100,000 inhabitants, and its transmission index (Rt) is 0.84.    As stated by official data, the incidence rate was 79.1 cases per 100,000 inhabitants, and the Rt was 0.80 when analyzed in mainland Portugal […]

Read More
Greece Italy Lifestyle

Is it true that Greeks invented Pizza before Italians?

  Historical evidence shows that the Greeks ate a flat bread called πλακούς (plakous), or “flat” bread, topped with olive oil, herbs, onions, cheese, and garlic, and baked in a tandoor.    Greek pizza adapted by the Romans who naturally adopted the idea of baking speckled bread in the oven after putting the ingredients of […]

Read More