UK visa favoured by Russian oligarchs needs revising, says report
The tier 1 investor visa for wealthy individuals has been exploited and given without adequate vetting, according to the report
London — A costly visa favoured by Russian oligarchs and other wealthy investors should be completely revised because it has been widely exploited and applicants are not adequately vetted, according to a report that lays out the scale of the country’s infiltration in UK society and politics.
“The UK welcomed Russian money, and few questions — if any — were asked about the provenance of this considerable wealth,” according to the report published on Tuesday by a panel of lawmakers. “One key measure would be an overhaul of the tier 1 (investor) visa programme — there needs to be a more robust approach to the approval process for these visas.”..
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