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Greek Cypriot cabinet revokes 26 citizenship granted from invest programme

Greek Cypriot cabinet revokes 26 citizenship granted from invest programmeIn relation with an amounting tension in Greek Cypriot community on granting passport to Malaysian businessman Jho Taek Low who related with several international financial crimes, Greek Cypriot cabinet decided to revoke 26 citizenship which has been granted through citizenship by invest programme according to news reports of Greek Cypriot media published on Wednesday.
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In relation with an amounting tension in Greek Cypriot community on granting passport to Malaysian businessman Jho Taek Low who related with several international financial crimes, Greek Cypriot cabinet decided to revoke 26 citizenship which has been granted through citizenship by invest programme according to news reports of Greek Cypriot media published on Wednesday.

In the news reports on the issue, papers stated that Greek Cypriot Minister of Interior Affairs Constantinos Petrides announced the decision after a long meeting held on Wednesday.

It was also mentioned that the Greek Cypriot cabinet has not announced the names of revoked citizenships of third country nationals yet.

The Greek Cypriot news reports also pointed out that citizenship by investment programme that came into force in 2014 has generated 6 billion euros by the end of 2018 and around 4.000 Cyprus passports issued to third country nationals who made an investment in Greek Cypriot community.

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