Citizenship by Investment Unit (CIU) Financial Controller, Clarifies Alleged Disparities in Six-Monthly...

Citizenship by Investment Unit (CIU) Financial Controller, Clarifies Alleged Disparities in Six-Monthly Reports


Financial Controller (FC) of the Citizenship by Investment Unit (CIU), Casford King, is clarifying the exchange between himself and an Observer Media Group reporter, after the CIU’s press conference on Friday, June 30, which subsequently emerged as Saturday’s headline story, alleging disparities in the CIU’s six-monthly reports.

CIU FC, Casford King

King, who has been with the Unit since its inception in 2013, said that after the press conference, he was approached by the reporter with two illegible photocopied documents, requesting that he comment on alleged discrepancies within the documents in question.

“As a responsible officer,” King said, “I gave the reporter the confirmation that I would revert with clarity once an opportunity to review had been had,” and reiterated his stance that the CIU was committed to “making sure that the right information was put out there.”

In light of this recent misinformation, the Unit wishes to place on record the facts surrounding the issue.

As there is no restriction placed on the number of persons who can apply for citizenship under a single application, an application can therefore comprise a single individual or a family of two or more.

After application approval and investment contributions, fee payments and final supporting documents have been submitted to the Unit, a Certificate of Registration (COR), is generated for each person. All relevant documents for approved applicants are then submitted to the passport office for processing.

The inconsistencies are said to be contained in the 2015 six-monthly reports, as it pertains to the number of passports issued by nationality (2013 to June 2015) and the total number of applications received by nationality (2013 to December 2015.)