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HomeUncategorizedCIP Board Rejected Financial Settlement Offers Made By Martinez 

CIP Board Rejected Financial Settlement Offers Made By Martinez 

It should also be noted that last-minute attempts for a financial settlement were also rejected,” the CIP Board’s statement read in part. The Citizenship by Investment Board responded to rumours that the Unit engaged Martinez in a financial settlement to withdraw his US-based lawsuit in a December 16th statement. 

Despite promising “explosive” evidence of corruption, fraud and money laundering in CIP regimes in the region, Philippe Martinez and MSR Media voluntarily withdrew their US-based lawsuit on December 12th 2024. 

Pursuant to Federal Rules of Civil Procedure…Plaintiffs MSR Media SKN Ltd., MSR Hotels & Co. Ltd., MSR Media International LLC, and Philippe Martinez hereby give notice that the above captioned action is voluntarily dismissed without prejudice,” the document read.

The Board of the Citizenship by Investment Unit doubled down on their earlier position that Martinez’s U.S-based lawsuit was unfounded and malicious. 

This lawsuit had no merit from the outset. It was a frivolous attempt to undermine the credibility of the Citizenship by Investment Programme and its management,” the Board said. 

The scope of the lawsuit involved top government and CIP officials in Saint Kitts-Nevis and Saint Lucia, including the head of Saint Lucia’s CIP, McClaude Emmanuel. Martinez had also appeared on local media outlets on numerous occasions threatening to expose the government’s alleged illegal dealings.

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