Cyprus to strip 26 golden passports given to investors after uproar

Pedro Gonçalves
clock • 2 min read

Cyprus as started procedures to revoke 26 golden passports, a minister said, after an investigation into possible violations of the EU member's citizenship-for-investment scheme. The move comes after it emerged that the EU member had granted citizenship to Jho Low, the Malaysian financier allegedly at the centre of the Asian country's multibillion-dollar 1Malaysia Development Berhad state fund scandal. A Reuters investigation published in October revealed that wealthy relatives and allies of Cambodian Prime Minister Hun Sen have been buying foreign citizenship, with eight members of h...

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