World Business Report

Passports for sale

av World Business Report | Publicerades 10/12/2020

There's been a rise since the pandemic of countries selling so-called 'golden' passports. Tari Best is a Nigerian businessman who tells us why he recently spent $316,000 buying Grenadian citizenship for himself and his family. Veronica Cotdemiey is chief executive of Dubai-based Citizenship Invest which helps its clients buy passports, and explains which citizenships are proving to be most popular. We hear from Les Khan, chief executive of the St Kitts and Nevis Citizenship by Investment Unit, that their programme has enabled the country to diversify its economy. And Laure Brillaud of anti-corruption campaign group Transparency International discusses the potential money laundering risk that the sale of passports can give rise to. Also in the programme, the chief executive of British Airways, Alex Cruz, has been replaced with immediate effect. Jon Arlidge of the Sunday Times newspaper follows BA closely, and tells us about the events that led to Mr Cruz's departure. Plus, Paul Milgrom and Robert Wilson have been awarded the 2020 Nobel Economics Prize. We hear from Robert Wilson about the work they've done on the economics of auctions, that led to the prize. (Picture: A Grenadian passport on a map of the world. Picture credit: Getty Images.)

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