READ THE CONFIDENTIAL LETTER FROM GRENADA IMA CEO ANTHONY TO HENG SHENG; WHERE ARE THE REVOCATIONS OF ILLEGALLY-DISCOUNTED PASSPORTS?

                                             

We are pleased to share with our readers the confidential letter, sent by THOMAS ANTHONY, the CEO of IMA, Grenada's Citizenship by Investment (CBI) agency, to the citizenship consultancy SINGAPORE HENG SHENG (GRENADA) DEVELOPMENT PTE. LTD., which essentially suspended Heng Sheng's program of selling illegally-discounted Grenada citizenships, through the use of a bogus "owner financing" scheme, whereby the applicants falsely promised to pay the balance, though there was no bona fide intention to require payments. The entire process was an elaborate fraud to circumvent Grenada's legal minimum pricing laws. Evidence has previously surfaced of the fraud of China's Heng Sheng Group .Why did Grenada keep that letter secret ? If they want to be taken seriously, they have to terminate Heng Sheng immediately.

We note that, a full month after the supposed investigation of the HS applications was to commence, there have been zero reports of the "owner financing, underselling and discounting" which was stated to be under examination, nor have any of the passport holders ben required to pay up the full legal minimum contract amount, or have any citizenships, been cancelled, and passports duly revoked, indicating that there has not been any good faith follow-up by the IMA. Therefore, in our considered opinion, the investigation was announced purely to respond to concerns of the United States Government, as Grenada is the sole Eastern Caribbean CBI/CIP state whose citizens are eligible for  the issuance of E-2 visas to reside in America. Anthony is also trying to show the EU that he is taking action.

Given the extraordinary lack of action by the Investment Migration Agency, we are calling for  CEO Thomas Anthony to immediately and publicly release details of the Investigation Findings, as called for in the CBI Committee decision, forthwith, to maintain the integrity of the IMA, and to keep prospective investors fully informed of any and all progress made in this matter. To do otherwise would call into question the good faith efforts of the IMA to correct the situation in real time. Most legal observers of the Caribbean believe that the investigation is only an act to dupe the EU and the US, and that only a few passports will be cancelled. I have already predicted that this will be the probable outcome, to give the EU and the US the impression that Grenada is fighting the CBI fraud.