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Singapore Cracks Down on Golden Passport Scheme: Arrests 2 Cypriot Passport Holders in Connection


Two Cypriot passport holders, Su Haijin, aged 40, and Wang Dehai, 34, have been arrested in Singapore, with local media reports claiming that their passports have been purchased through the Golden Passport Scheme, known as the Citizenship by Investment Scheme.

During what was considered among the largest anti-money laundering operations conducted by local authorities, a total of ten people aged between 31 and 44 were arrested.

In addition to nationals from Cyprus, the rest of the persons subject to charges were citizens from Turkey, China, Cambodia, and Ni-Vanuatu.

The Interior Ministry said that it would monitor the case closely, and if any information indicates a violation of citizenship conditions, it would be revoked immediately.

Singapore’s Interior Ministry said that in spite of the fact that authorities in Cyprus have not requested help from Singapore, the government was willing to assist in any way possible should it be required.

“The international stigmatisation of our country as a result of the abuse behind the golden passports should be immediately managed by the competent minister, so their passports are revoked,” Akel MP Irene Charalambidou said, according to Cyprus Mail, while stressing that she has asked for a full briefing from the Interior Ministry.

In addition, she stressed that she was waiting to see if the interior ministry would be revoking the passports, thus alluding to the idea they must have purchased the passports under the citizenship by investment scheme.

The Monetary Authority of Singapore said it was taking the case seriously and has contacted the financial institutions “where the potentially tainted funds have been identified”.

According to a report from Channel News Asia, in the operation participated, over 400 police officers from various divisions.

Nearly $736 million in properties, bank accounts, cars, cash, and goods were seized, frozen, or issued with the prohibition of disposal orders related to the investigation, based on a report from In Cypris.

Cyprus Citizenship by Investment Program allows wealthy foreign investors to acquire citizenship if they financially contribute to the country and meet some conditions.

However, following a report by Al Jazeera called the Cyprus Papers, which brought proof of beneficiaries’ connection to unlawful affairs, authorities in this country terminated this scheme back in 2020.

At the same time, in September this year, the four defendants in the golden passport scandal will appear again before the Nicosia court after the case was thrown out in June this year.

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Monte OZ
Monte OZ is a highly accomplished and respected international freelance journalist, travel and active adventure reporter, and leading entertainment & lifestyle blogger based in Africa. With a passion for storytelling, a sense of adventure, and an eye for all things captivating, Monte has become a prominent figure in the world of travel, entertainment, and lifestyle journalism. Born and raised in Africa, Monte developed a deep appreciation for the continent's diverse cultures, rich heritage, and vibrant entertainment scene. His upbringing fueled his desire to share Africa's untold stories and showcase its dynamic lifestyle to a global audience. Monte's extensive experience and expertise have made him a sought-after authority on all things related to travel, adventure, entertainment, and lifestyle in Africa. As an international freelance journalist, Monte has made significant contributions to various prestigious publications worldwide. His captivating articles, insightful interviews, and engaging features have graced the pages of leading entertainment magazines, lifestyle publications, and reputable news outlets. Monte's unique ability to capture the essence of Africa's entertainment and lifestyle scene has garnered widespread acclaim and recognition. With a love for exploration and a thirst for adrenaline, Monte also thrives as an active adventure reporter. He has embarked on daring expeditions, immersing himself in Africa's wild landscapes, and documenting his adrenaline-pumping experiences. Whether it's conquering treacherous peaks, exploring remote jungles, or engaging in heart-pounding activities, Monte's adventurous spirit and daring escapades inspire readers to embrace their own sense of adventure. In addition to his work in journalism and adventure reporting, Monte is a leading entertainment & lifestyle blogger in Africa. Through his influential blog, he offers readers an insider's view of the continent's vibrant entertainment scene, trendy hotspots, fashion trends, culinary delights, and cultural experiences. Monte's unique blend of storytelling, personal insights, and expert recommendations has made his blog a go-to resource for entertainment and lifestyle enthusiasts seeking the pulse of Africa's dynamic culture. Beyond his professional pursuits, Monte is a passionate advocate for promoting Africa's talent, creativity, and cultural diversity. He actively supports and champions emerging artists, musicians, designers, and entrepreneurs, helping to showcase their work to a broader audience. Monte's dedication to promoting Africa's vibrant entertainment and lifestyle industry has positioned him as a respected influencer and tastemaker within the African and global entertainment communities. With a commitment to excellence, a passion for exploration, and a talent for captivating storytelling, Monte Oz continues to captivate audiences worldwide. As an international freelance journalist, travel and active adventure reporter, and leading entertainment & lifestyle blogger, his work has left an indelible mark on the world of journalism, travel, and entertainment, solidifying his position as a trusted authority and go-to resource for all things related to African travel, adventure, and lifestyle.