Cypriot authorities have denied 26 person citizenship, obtained in exchange for investments. Among them, 9 Russians

The Cypriot authorities took 26 people to the «Golden passport» that is received in exchange for investment. Among them the most numerous group — the Russians.

He told reporters in Nicosia, the Minister of internal Affairs Constantinos Petrides, the process applies to investors who received a total of 26 passports, including members of their families.

According to the representative of the government, a decision to revoke the citizenship of Cyprus will spread to nine Russians, eight Cambodians, five Chinese, two Kenyans, one Iranian and one Malaysian.

Latest — fluent Chinese-Malaysian financier Joe Lowe, who illegally withdrew more than $5 billion from the sovereign wealth Fund of Malaysia. He recently signed a deal with the U.S. Department of justice about the return of nearly $1 billion of assets to settle related cases. He has consistently denied any wrongdoing.

According to the Minister, Cyprus will also check all persons, who received about 4,000 passports in the framework of the program, and the government intends to ensure strict compliance with and implementation of the investment programme.

Recall that for obtaining a passport is required to invest 2 million euros in real estate in the country, or 2.5 million euros in the company or government bonds.