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FATTI: €1.4 Billion From Malta’s Golden Passport Sales Was “Invested In The People”
The European Court of Justice has condemned Malta’s citizenship-by-investment scheme. Still, Malta’s government and Prime Minister Robert Abela have staunchly defended the scheme, citing a €1.4 billion revenue supposedly created to benefit Maltese people. But is that correct? An analysis of published data shows that the actual investment in people is far smaller.