Just under €120 million have been deposited with Identity Malta so far as proceeds from the individual Investor Programme (the passport scheme) Justice Minister Owen Bonnici said in reply to a parliamentary question this evening.

Replying to a question by Nationalist MP Claudio Grech, the minister said  the contributions deposited with Identity Malta in the IIP account was €119,875,100.00. 

Revenue this year is projected to be €80m.

He said that given the PN's opposition to the scheme, Malta would have lost this revenue, but the country was now making a success of the programme. 

In October last year, Henley, the main operator of the programme, had said that the scheme had made a billion euro since its launch.

http://www.timesofmalta.com/articles/view/20151001/local/malta-passport-programme-best-in-the-world-1-billion-raised-since.586600

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