President Trump’s former campaign chairman Paul Manafort is under investigation by the U.S. Treasury for offshore payments as a part of an anti-corruption case that is probing his work in Eastern Europe.
ABC News reported Thursday that Manafort’s financial records in Cyprus were turned over to Treasury officials this year as a part of the investigation. Manafort was Trump’s campaign leader from March until August.
According to the report, the documents are related to a 2014 case. Manafort used financial institutions in Cyprus as one step in a chain of transactions, and allegedly used Cypriot shell companies to purchase a Ukrainian cable television station at the behest of Russian oligarch Oleg Deripaska.
On Wednesday, the Associated Press revealed that Manafort pitched his ability to strengthen Russian President Vladimir Putin’s regime when he was trying to get Deripaska’s business. The two signed a contract that paid Manafort upwards of $10 million.
The government is looking into millions of dollars worth of wire transfers to Manafort. The report claims no illegal activities but Cyprus was a hub of shady financial dealing before joining the European Union.
