'Golden visas' for foreign investors could be suspended after Monaghan hotel shuts

Officials are worried about a surge in the number of Chinese applicants to the initiative

Nuremore Hotel & Country Club, Carrickmacross, Co Monaghan: hotel is owned by Kai Dai who is one of the state’s biggest cash-for-visa brokers. Picture: Pat Byrne

The Oireachtas Public Accounts Committee (PAC) has been asked to examine the state’s immigrant investor programme, as the government considers a Department of Justice recommendation to suspend the scheme entirely.

Last week, Matt Carthy, the Sinn Féin TD, asked the PAC to add the investor scheme to its work programme, and to ask for officials from the department to come before them to discuss a number of issues that have arisen in relation to the ...