Statement by the Investment Migration Council – 9 April 2025

Geneva, 8^th April 2025, an internal review panel convened by the IMC has determined to:

1. Suspend the Business Membership of Singapore Heng Sheng (Grenada) Development Pte. Ltd. And it’s employee members (of the IMC);
2. Suspension of participation in the 2025 Investment Migration Forum.
3. Non-admittance of any of the companies’ employees to the 2025 Investment Migration Forum.

These measures are effective as of the date of this notice and shall remain in force pending the outcome of the Grenadian authorities’ investigation into the alleged illegal practices by the firm. The IMC will review the conclusions of the investigation upon its completion and will reconsider the above directives considering the investigation’s findings.