Vanuatu’s Citizenship by Investment programme, gained attention following Lalit Modi’s acquisition of citizenship amidst ongoing legal troubles in India. The scheme allows for quick citizenship in exchange for a financial contribution, constituting a significant portion of Vanuatu’s economy, but has faced criticism over security concerns and potential misuse.
The recent acquisition of Vanuatu citizenship by Lalit Modi, a former Indian Premier League chairman, has attracted considerable international attention. The Indian Ministry of External Affairs (MEA) confirmed that Mr. Modi has submitted an application to relinquish his Indian passport at the High Commission in London. MEA spokesperson Randhir Jaiswal disclosed that the government is aware of Mr. Modi’s application and is continuing legal proceedings against him.
In conclusion, Vanuatu’s Citizenship by Investment programme presents both economic benefits and significant concerns. While it provides a swift pathway to citizenship, attracting individuals facing legal issues, its potential misuse by criminal elements poses serious security risks. As Vanuatu navigates these challenges, the scrutiny over its golden passport programme continues to grow, especially following recent developments regarding individuals like Lalit Modi.
Original Source: english.mathrubhumi.com
