St Lucia Opposition Pledges To Review All Economic Citizenships Granted Under New Rules
The opposition St Lucia Labour Party (SLP) has announced it will review every economic citizenship granted by the ruling United Workers Party.
Under new citizenship by investment programme (CIP) rules recently promulgated by Prime Minister Allen Chastanet, apparently to accommodate a new development project agreement signed with Chinese-backed Desert Star Holdings (DSH).
The SLP expressed its “deepest concern” with the actions of the Chastanet administration, which it said serves to undermine the integrity and reputation of the CIP.
The SLP noted that DSH is a controversial development proposed for the southern community of Vieux Fort, including a race track covering over 700 acres.
The development has generated national condemnation because of the terms of the agreement, which includes leasing land at $1 per acre for 99 years.
January 16th, 2017