About: http://data.cimple.eu/news-article/d7e2d64b1a067b8970644ef1142fa08f1e23644111d829d70b323a42

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About: http://data.cimple.eu/news-article/d7e2d64b1a067b8970644ef1142fa08f1e23644111d829d70b323a42 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	The EU said Monday it will begin legal action against Cyprus and Malta over their controversial "golden passport" schemes for foreign investors, which critics say have been exploited by criminals. Cyprus said last week it would scrap its programme, which has brought the island some seven billion euros ($8.25 billion), from next month after an undercover TV investigation exposed abuses. European Commission vice-president Maros Sefcovic said that so-called "infringement procedures" would be launched against the two countries on Tuesday. "It's very important to underline the fact that the commission has frequently raised its serious concerns about those schemes with the member states concerned, and the latest developments only reaffirm those concerns," Sefcovic told reporters. "We will continue our intensive contacts with both Cyprus and Malta to make sure European law in this area would be properly respected." Sefcovic said more details of the legal action would be announced once it is launched on Tuesday. Under the Cypriot scheme, the government handed out passports in exchange for an investment of 2.5 million euros ($3 million), though Nicosia is now re-examining all 4,000 successful cases. In August, broadcaster Al-Jazeera reported that dozens of people who had applied for Cyprus's golden passports were under criminal investigation or international sanctions, or serving prison sentences. Malta, which started selling passports to wealthy foreigners in 2014, last month arrested former prime minister Joseph Muscat's chief of staff as part of a probe into alleged kickbacks connected to its own golden passport scheme. pdw/dc/spm
schema:headline	EU to launch legal action over Cyprus, Malta 'golden passports'
schema:mentions	Cyprus Permanent residency European Commission European Union law Al Jazeera European Union Immigrant investor programs State of Malta Joseph Muscat Political corruption International sanctions Nicosia Personal defense weapon
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-19 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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