ST. GEORGE’S, Grenada, CMC—The Funding Migration Company(IMA) says it’s conducting an in-depth investigation into an permitted Singapore-based Citizenship by Funding (CBI) advertising and marketing firm.
Below the CBI programme, international buyers are granted citizenship in return for making a considerable funding in Grenada’s socio-economic growth.
“After cautious evaluation and evaluation of the declare, and a gathering with senior officers of China Heng Sheng (Singapore) Growth Pte. Ltd and the management of the IMA Grenada held on August 26, 2024, we are able to verify that the company is at the moment investigating the matter,” in accordance with a discover posted on the IMA’s web site.
“The discover stated, IMA Grenada doesn’t endorse or help any false or deceptive claims about our providers, funding alternatives, or the advantages related to our applications, “It reminded all advertising and marketing brokers about printed circulars objecting to low cost pricing.
“We stand steadfast in opposition to any commercial or communication (written and oral) that inaccurately represents our choices, as they don’t mirror our insurance policies or accepted practices. Our stakeholders are subsequently reminded of our circulars dated July 22, 2020, and March 15, 2023, which mandate strict adherence to the established pricing construction,” stated the discover.
“Our stakeholders are reminded of our circulars dated July 22, 2020, and March 15, 2023, which mandate strict adherence to the established pricing construction. Round No. 3, dated July 3, 2024, particulars the brand new pricing construction efficient July 1, 2024.
“Stakeholders who’re engaged in prohibited practices violate the Citizenship by Funding Act and Laws and can face penalties as much as and together with revocation of licenses, Grenadian citizenship, and undertaking decertification,” the discharge warns.
The IMA additional referred to as on stakeholders to report any inaccurate or deceptive info printed by different advertising and marketing brokers.
“Stakeholders who encounter any promoting or promotional materials or representations which you consider to be inaccurate or deceptive, are strongly inspired to report similar instantly to the IMA Grenada,” it added.
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