Cyprus' leading on-line resource for home buyers & real estate investors -

26th February 2024
Cyprus Property News logo
HomeLegal MattersNine acquitted in golden passport case

Nine acquitted in golden passport case

Nine suspects in a case relating to the controversial citizenship-by-investment programme were cleared of all charges by the Larnaca criminal court on Friday.

Five natural persons and four legal entities were acquitted of 36 charges in total in a case concerning the naturalisation of a foreign applicant. The criminal court issued a unanimous decision, which numbered 252 pages.

A total of five people and four companies were accused of being involved in helping to get Cypriot citizenship for an Iranian national and his family after he allegedly presented forged or tampered documents to support the request to a Larnaca law firm.

The accused were facing a total of 36 criminal charges, inter alia forgery, circulation of false documents and conspiracy to commit a crime.

The Iranian national was reportedly sought by Interpol for fraud-related crimes and for embezzling large amounts of money.

The case was first filed with Larnaca district court last May and related to the findings of an investigative committee tasked to investigate Cyprus’ citizenship-by-investment scheme.

“Today’s unanimous ruling of the court puts an end to a prosecution that was indefensible and unjustified from the outset,” a statement released by the acquitted law firm released on Friday said.

“This case was never about corruption, but about a naturalisation case for which, in March 2019, we asked the authorities to intervene, but they did nothing.