REVEALED: Central Bank’s fears on state’s cash-for-visa scheme

● Investors receive visas ‘when funds have not launched’ ● Fianna Fáil: scheme is shrouded in secrecy

17th June, 2018

The Central Bank warned immigration officials that investors in funds linked to the government’s cash-for-visa programme had received residency permits even “when a fund had not launched”.

In a meeting between the Central Bank and officials from the Irish Naturalisation and Immigration Service (INIS), the immigration officials said that they were “aware of this”, describing it as an “anomaly”.

Funds which invest in Irish projects are among...

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