Zypern widerruft weitere hochkarätige „goldene“ Pässe

>People from Russia and China have been the biggest participants, with the resort town of Limassol now known locally as “Limassolgrad” because so much property there is owned by Russians.

Will the money be paid back after revocation actually?

Unless the ones responsible suffer the consequences they deserve (which obviously they did not) this is just another token gesture and the scheme will continue in a more obfuscated way.