Government has published a list containing names of all persons who have been naturalised or registered as citizens between January and December 2016, however failed to differentiate those who bought Maltese citizenship from the rest.
The list, contains around 2,000 names. The list, is awkwardly ordered in alphabetical order by name, rather than surname. A large number of names in the list are Arabic, Asian, and Eastern European sounding.
The IIP (Individual Investment Programme), better known as the cash-for-passports scheme, has been a controversial scheme since its outset. A number of MEPs have criticised the scheme, and it has been mentioned in a number of international publications as well. Government's refusal to identify which persons came through the IIP scheme has always raised questions.
In early December, this newspaper reported that the National Development and Social Fund had received more than €360 million from the citizenship for sale scheme by the end of November. The NSDF is a government agency established for the purpose of managing and administering seventy per cent of the contributions received from the Individual Investor Programme (IIP). By 30 November the fund had recorded total revenues of €360,561,597. Funds received by the NDSF are held in a segregated account in the name of the NDSF with the Central Bank of Malta.
from The Malta Independent http://ift.tt/2DvMfB9
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