Golden passport concessionaire Henley says Opposition was informed of IIP
Henley partner expresses concern that citizenship programme has been politically tainted
A partner from Henley, the exclusive concessionaire for the Maltese government's citizenship programme, has told MaltaToday he is "perturbed" at news that the Opposition will retract all passports issued under the Individual Investor Programme (IIP).
Opposition leader Simon Busuttil yesterday told the House he would repeal all passports issued under the IIP, which will sell citizenship for €650,000, if the Nationalists are returned to power.
The PN has so far claimed it will tie the IIP to a tangible form of investment, rather than selling it for a cash investment.
But Henley partner Christian Kalin, in Zurich, said he was perturbed at the way the IIP had now become politically tained
Kalin told MaltaToday that the Nationalist leader's stand took him by surprise after Henley had provided the Opposition with a presentation on the IIP.
"We organised two separate meetings with the Nationalist Party's senior officials to explain the background to the citizenship programme and we explained in detail the due diligence searches that were being proposed. It was a very stringent process.
"In the first meeting we met at length with Tonio Fenech (shadow finance minister) and in the second meeting with Fenech, Kirsty Debono, Mario de Marco, and Jason Azzopardi," Kalin said.
The company had already been appointed by the preceding Nationalist administration for assistance on the permanent residency scheme, and its overhaul into the High Net Worth Individuals scheme, which later was reformed and rebranded by the Labour government into the global residence programme.
Kalin said that Henley had already a previous relationship with the Nationalist administration, commenting that the former permanent residency scheme was "cheap, lacked serious due diligence, and had no regulation in its promotion in such countries like Iran, Russia, South Africa and China. All this will not happen with the IIP."