Shane Savitsky Mar 28, 2017
Manafort's finances in Cyprus trigger investigation
Former Trump campaign chairman Paul Manafort was associated with at least 15 bank accounts and 10 companies whose activities triggered a money laundering investigation by a Cypriot bank, per NBC News.
- One of the Manafort-associated companies was involved in a nearly $20 million deal with a Russian oligarch described as "one of the 2-3 oligarchs Putin turns to on a regular basis."
- Manafort chose to close his Cypriot accounts rather than provide additional information after their activity triggered a money laundering investigation by the Cyprus Popular Bank.
- The accounts were set up "for a legitimate business purpose," a Manafort spokesperson told NBC News.