CNA
The European Commission is looking into the compliance of the Cypriot passport to investors scheme with the EU law, in view of possible infringement, EC Spokesman Christian Wigand told CNA.
More specifically EC Spokesman Christian Wigand told CNA, during the daily midday briefing of the European Commission in Brussels, that “we watched in disbelief how high-level officials were trading European citizenship for financial gains.”
“President von der Leyen was clear when saying that European values are not for sale,” he added.
“The Commission has frequently raised its serious concerns about investor citizenship schemes, also directly with the Cypriot authorities. The Commission is currently looking at compliance with EU law of the Cypriot scheme in view of possible infringement proceedings”, Wigand said.
“We are aware of the latest declarations of the government and expect the Cypriot competent authorities to thoroughly look into this case,” he concluded.
