Cash For Visas
It was supposed to attract hundreds of millions of euro in foreign investment into the state - and it did. But the Immigrant Investor Programme is now coming under fire from all sides, with fears being voiced that it is creating hardly any jobs and could push up property prices even further. Jack Horgan-Jones and Francesca Comyn report
It was early February 2017, and Noel Waters, the top civil servant in the Department of Justice, was feeling pleased with his work.
This was nine months before he would leave his job, another casualty of the Maurice McCabe scandal. But at the time, he was glowing with pride at how effective his Department’s cash-for-visa scheme was proving.
“This programme which I dreamt up in my time as head of INIS [the Irish Naturalisation...
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