Tuesday, 23 January, 2018

Russian oligarch sues Trump's former aide Manafort for fraud

REX  Shutterstock  FEREX REX Shutterstock FEREX
Bennie Garza | 14 January, 2018, 08:58

It alleges Trump campaign manager Paul Manafort and his longtime business partner Rick Gates, who was also a campaign adviser, stole $18.9 million from Deripaska, The Washington Post reported.

The legal action is another headache for the two men, who are already under criminal indictment by Robert Mueller, the special counsel who is investigating possible co-ordination between Mr Trump's campaign team and Russian Federation.

Wednesday's lawsuit, brought against the pair in a NY state trial-level court, marks the second time now that the Deripaska-linked company has sued them along with Pericles Emerging Market Partners, an investment management firm controlled by Manafort and Gates. Deripaska is claiming that Manafort and Gates bilked his company for $1.1 million - and is using Robert Mueller's indictment against them as further evidence that the two are fraudsters.

Manafort and Gates were both charged in October with money laundering and failing to register as foreign agents, among other charges, arising from their previous business dealings unrelated to the Trump campaign.

Oleg Deripaska, the oligarch, is an ally of Russian President Vladimir Putin.

The new case cites Mueller's indictment several times, according to the Post. "He's extremely close to the Kremlin, or at least he was".

In May 2017, however, one of Surf's affiliates, known as Adoptol Limited, brought legal proceedings in Cyprus and unearthed documents which show that Manafort and Gates had "siphoned off for themselves millions of dollars" from Surf's investment, the lawsuit said.

Deripaska has previously been under scrutiny for his relationship with Manafort. "This is a commercial matter which we thought had been addressed and resolved years ago. We will respond, if we must do so, in the appropriate manner", Maloni also told the Post.

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