The horror stores in the press are endless; a sanctioned billionaire linked to the IRGC; an Asian fraudster who stole billions; Chinese criminals arrested in the United States; an Iranian oil sanctions evader who diverted billions with his crew; the list goes on and on and on. It has now resulted in a massive reduction in the number of individuals who are interested in purchasing a Citizenship by Investment passport from Saint Kitts & Nevis. When wealthy consumers heard about the major scandal involving illegal discounts of the sales price, fraud, money laundering and corruption, they sought the citizenship programs of other jurisdictions.
While the leadership in Basseterre tries to say it is business as usual, internal political dissent, regarding how the Drew administration is handling CBI, has become open and hostile, consumers reading local media are turned off, notwithstanding the expensive, glossy media campaign, passing off SKN passports as the "Gold Standard." Consumers aren't buying it, and holders of those expensive identity documents fear that their investment is in jeopardy.
They have a right to be concerned. Will they themselves now be interrogated upon arrival at immigration? Will those SKN passports become useless? Stay tuned.
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