Sale of citizenship ‘ruining Malta’s reputation’ – PN

Yet another example of the inherent corruption of citizenship-by-investment programs:

A news report saying that a person who bought Maltese citizenship is facing serious accusations of fraud in the United States and Israel in yet another blow to Malta’s reputation, the Nationalist Party said in a statement.

This person was among the first to buy a Maltese passport, another for his wife and for their children, the PN said.

This is the fifth person to buy Maltese citizenship who is facing criminal accusations of fraud, money laundering and tax evasion. This brings to nothing the government’s boasting of a four-tier due diligence that is adopted before foreigners are allowed to buy Maltese citizenship.

The PN said that it has always insisted that such a scheme could give a bad image to Malta. Only a few weeks ago a firm involved in the sale of passports was caught boasting of its strong connections with the government.

In the light of this, the PN is once again calling upon the government to suspend the scheme.

Source: Sale of citizenship ‘ruining Malta’s reputation’ – PN