IIP | Business Post

Investor cleared to pursue Chinese entrepreneur behind cash for Irish visas

The High Court granted an execution order against a firm founded by Kai Dai, who has raised €50m through Ireland’s Immigrant Investor Programme

Carthy asks for clarity on future of Nuremore hotel

The Sinn Féin TD has asked for a meeting with Kai Dai, one of Ireland’s most prominent cash-for-visa brokers

Lawyers for cash-for-visa broker Kai Dai have been unable to contact him since July

Lawyers told the High Court that they had not received instructions for several months from the founder of the Huawen Foundation, who is being sued by one of his investors, Beijing designer Xi Zhiming

ECB blocked cash-for-visa broker from buying Slovenian bank

Assessors were concerned at ‘inconsistent and contradictory information’, and at buyer Kai Dai’s inability to explain the source of his net worth

University challenge: Trinity’s €400m revamp at risk as projects hit by delays, cuts and inflation

Board documents show Ireland’s oldest university is pursuing Chinese investment and hiking international student fees, as spiralling costs pose major challenges to its planned modernisation of the campus

Cash-for-visa broker accused of fraud by investor

Diankai Wang has brought a High Court suit against Colm Wu, a Dublin-based broker, accusing him of ‘deceit and fraudulent misrepresentation’

Trinity pushed state for details on future of ‘cash-for-visas’ scheme in €20m Chinese investor plan

University later discussed plan to capitalise on fears in China that IIP could be scrapped in bid to maximise earnings for multimillion-euro capital projects

Investors in immigrant visa scheme sue Huawen founder in Chinese court

One of Ireland’s biggest cash-for-visa brokers is now looking for backers for a five-star hotel with a golf course and luxury villas and apartments on Croatia’s Adriatic coast

Chinese businessman in fresh legal action against Irish company

Diankai Wang is taking legal action against Bo Vision, a company controlled by Colm Wu, who is a Dublin-based owner of a sizeable portfolio of hotels and pubs

Money trail: Why Huawen’s clients want answers about their cash

The Huawen Foundation has successfully raised €50 million from Chinese investors wishing to avail of what is colloquially known as Ireland’s ‘cash for visas’ scheme

Trinity in plan to maximise ‘cash for visas’ earnings due to concerns scheme could be scrapped

A memo, seen by the Business Post, told board members at the university that there was a ‘short window of opportunity’ to raise extra cash from Chinese investors amid fears the Immigrant Investor Programme could close due to pressure from Europe

UCD seeks fundraising agent to tap donations from Chinese investors

College aims to seek support from Chinese-dominated IIP visa programme, after professors warned of political interference on campus

Wealthy non-EU visa-seekers pump €62m into Irish social housing in November

Immigrant Investor Programme gets massive influx of cash as landlords avail of ‘de-risked’ social home leasing initiatives

State may remove €2m Reit investment as option under cash-for-visas scheme

Inclusion of property funds as part of evaluation of Immigrant Investor Programme aimed at wealthy non-EU citizens is under review