Taking a U-turn, the UK government plans to suspend “golden visa” category in the recommendation to its use by the super-rich foreign nationals, counting Indians to obtain fast-track settlements rights in Britain. The Tier 1 Investor Visa, used by many high net-worth Indians over the years, was to be swung from the midnight of Last Friday over the threats of its misuse.
The UK Home Office had said last week that the path would be hanged until new rules and regulations are put in the next year, under which regulated and independent auditors will evaluate such as high net worth contestants of businesses and financial interests and probed on the control they have on the funds at least two years.
However, the Home Office said that the strategies are on hold, without an explanation behind the decision.
A Home Office Representative said, “ The Tier 1 (Investor) visa is not currently suspended, however, we remain committed to reforming the route. A further announcement will be made in due course”.
A non-profit anti-corruption body of Transparency International UK had greeted the crackdown, criticized the turnaround which it said is trusted to be the outcome of rivalry from other government departments.
The Head of Advocacy at Transparency International UK Rachel Davies Teka said , “ It is vital that government has a joined-up approach to fighting corruption with departments working together in unison. We are concerned to hear conflicting messages on government action on this important issue over the past week”.
She added, “We call on the government to urgently clarify its policy towards the Tier 1 Visa Scheme, as well as set a timetable for when and how the promised review of previous recipients will be carried out”.