The Commission Against Corruption (CCAC) has released its 2024 anti-corruption report, revealing two major cases of fraudulent investment residency scams in Macau. These cases highlight the risks associated with investment residency programs, which are designed to attract foreign investors to Macau.
Case 1: Family Members Use Relatives’ Properties
- Three applicants and their eligible family members, totaling 15 individuals, obtained residence permits and Macau permanent resident ID cards by purchasing two properties owned by one of their relatives.
- The relatives of the applicants received the funds for the property purchases and then sent the money back to the applicants.
- The properties continued to be occupied by their original owners.
- After the applicants and their families obtained permanent resident status, the three applicants deceitfully returned the properties to the original owners.
The CCAC stated that the applicants falsely claimed to have a high school education to satisfy the educational requirements for the real estate investment immigration application.
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