The Government of Grenada has issued a warning to CBI agents over misinformation and unethical practises on the citizenship by investment programme.
Illegal Practices
The Investment Migration Agency Grenada (IMA) responsible for CBI programme has issued a statement with concern the dissemination of misleading information and unauthorized pricing strategies by both authorized and unauthorized agents. Such practices are illegal and expressly prohibited by the Agency.
Equal Agent Treatment
IMA Grenada does not provide or encourage a tiered Marketing Agent structure, more precisely, the Agency does not offer a VIP status. All Agents are treated equally; no Agent holds a privileged status over another. All Marketing Agents licensed by the Agency are expected to adhere strictly to the legally mandated prices and policies set forth by the Programme.
Any deviation from these standards not only jeopardizes the credibility of the Programme but also undermines public trust, said the IMA agency statement.
“We want to make it unequivocally clear that all Agents must comply with our regulations. “Misinformation and unauthorized discounts not only mislead potential investors but also pose a direct threat to the Programme’s viability.”-Mr. Thomas Anthony, CEO of the IMA.
Face Consequences
Stakeholders who are engaged in prohibited practices are in violation of the Citizenship by Investment Act and Regulations and will face consequences up to and including revocation of licenses, revocation of Grenadian citizenship, and project decertification, warned the IMA agency.
Official Website
The IMA agency has urged all stakeholders and prospective investors are urged to verify information about the Programme via the Agency’s website www.imagrenada.gd to ensure accuracy and reliability
