(SKNIS) – The Director of Public Prosecutions’ Office (DPPO) announced today that it will be launching a formal investigation into the administration of the Citizenship By Investment (CBI) program prior to the significant reforms implemented by the current Federal Administration.
The DPPO emphasizes the importance of ensuring a fair and independent inquiry, particularly in light of the potential political implications of the investigation. The DPPO has received assurances from the Federal Administration that they will fully support an independent and impartial process, allowing the investigation to proceed.
The DPPO plans to appoint a Special Prosecutor from a foreign jurisdiction to lead the inquiry, with the assistance of a team of outside investigators.
At least one local investigator, in whom the DPPO has full confidence, will also be part of the investigative team to ensure collaboration and local oversight.
The Citizenship By Investment program, established as the oldest of its kind globally, allows individuals to obtain citizenship through significant financial contributions or investments in government-approved real estate or development projects.
Currently, the program requires a minimum donation of $250,000 USD or a minimum investment of $400,000 USD.
In recent years, concerns have been raised about the administration of the program prior to the recent reforms, including issues of underselling citizenships, transparency, and financial accountability.
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Antiguan leading the way.
He goes where he has a voice; that could never happen in Antigua and Barbuda under the most ‘chansparent’ one.
Recall in the past, A&B being attacked by persons (Uppites)who went as far as suggesting that SKN’s program was better. Now we hear of corruption there involving underselling. We now also learn that the A&B is seen as “credible trustworthy and reliable” see https://antigua.news/2024/08/24/letter-credible-trustworthy-and-reliable-antigua-and-barbudas-cip/ . The naysayers should be in sack cloth and made to run up and down high steet
@Tenman
Maybe St.kitts is better with less thieving than Antigua. There is too much corruption and sticky fingers in Antigua for everything to be above board. We will never have an investigation or audit while the present government is in power.
@Think about it- Stop showing ignorance, the Director of audit audits cip since its a department of government. Last I checked Pringle heads the PublicAccluntability commitee and the director is audit points out it needs to be more active (see More active’ Public Accounts Committee key to good governance 15 February 2024)
““If the Public Accounts Committee was basically more active … like the Public Accounts Committee in the Bahamas, Jamaica, and Guyana, where the public and media basically know this report is laid in Parliament, to have a copy, to know what is the findings, the recommendations and the follow-up, it will foster a more transparent process in terms of government that we do not have here in Antigua,” Evanson explained.
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