Paul Manafort received $10 million loan from sanctioned Russian oligarch

A search warrant application from July 2017 that was unsealed Wednesday says that a company controlled by President Trump's former campaign manager, Paul Manafort, and his wife received a $10 million loan from Oleg Deripaska, a Russian oligarch close to the Kremlin.

The application was to search Manafort's Virginia apartment, and a warrant was granted. Attached to the application was an affidavit, in which an FBI agent said the loan was noted in tax returns for Manafort's company, and also disclosed that Deripaska backed Manafort financially when he began consulting work in Ukraine in 2005, Reuters reports.

As part of his probe into Russian meddling in the 2016 presidential election, Special Counsel Robert Mueller has been investigating the financial connection between Manafort and Deripaska, who was sanctioned by the United States in April. Manafort has been indicted in Virginia and D.C. on several charges, including conspiracy to launder money, bank and tax fraud, and failing to register as a foreign government agent. He has pleaded not guilty.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up