St. Kitts and Nevis Government Launches Investigation into Previous Irregularities in Citizenship-by-Investment Program
Prime Minister’s Address
When my Administration took office, we promised to take steps to ensure the integrity of our Citizenship-by-Investment program. This program has attracted significant criticism for its lack of transparency and its seeming disregard for rules that were supposed to govern its operation.
Prime Minister Hon. Dr. Terrance Drew.
Reforms and MOA
After enacting significant CBI reforms in St. Kitts and Nevis—including making underselling of citizenships illegal—our Administration led efforts that resulted in a Memorandum of Agreement among the five members of the Organization of Eastern Caribbean States which offer CBI programs. That MOA established CBI reforms and put OECS members on equal footing regarding CBI activities.
Investigation into Previous Irregularities
Now that we accomplished that, this Administration is turning its attention to irregularities that allegedly occurred with the CBI program prior to the reforms we enacted.
Today, the Director of Public Prosecutions’ Office announced that it has launched an inquiry into those alleged CBI irregularities, and I fully support that effort.
Ensuring Program Integrity
The CBI program is a vital asset for the citizens of St. Kitts and Nevis. We intend to ensure that it is administered properly and that anyone who improperly takes advantage of it is held to account.
Conclusion
The government of St. Kitts and Nevis is committed to ensuring the integrity of its Citizenship-by-Investment program. By launching an investigation into previous irregularities, the administration aims to hold those responsible accountable and maintain public trust in the program.
FAQs
Q: What are the allegations of irregularities in the CBI program?
A: The allegations refer to alleged wrongdoing in the program prior to the reforms enacted by the current administration.
Q: What reforms have been enacted to address the allegations?
A: The reforms include making underselling of citizenships illegal and establishing CBI reforms and putting OECS members on equal footing regarding CBI activities.
Q: What is the purpose of the investigation?
A: The investigation aims to determine the extent of the alleged irregularities and hold those responsible accountable.