Shell companies offered loans to cash-for-visa scheme projects
Loan documents suggest that companies may have been set up with the express purpose of funding applications for the visa scheme, raising questions about how widespread the use of debt may have been
Shell companies have offered loans in support of projects associated with the state’s cash-for-visa scheme, according to documents seen by The Sunday Business Post.
As revealed by this newspaper last week, the Department of Justice was forced to eject dozens of debt-funded applications earlier this year, as using loans to fund an application is against the rules of the government’s immigrant investor programme.
However, the loan documents suggest that companies may have been ...
