LONDON Paul Manafort, the former campaign manager for President Donald Trump, has much stronger financial ties to a Russian oligarch than have been previously reported.
An NBC News investigation reveals that $26 million changed hands in the form of loan between a company linked to Manafort and the oligarch, Oleg Deripaska, a Russian billionaire with close ties to the Kremlin.
The loan brings the total of their known business dealings to around $60 million over the past decade, according to financial documents filed in Cyprus and the Cayman Islands.
Manafort was forced to resign from the Trump campaign in August 2016, following allegations of improper financial dealings, charges he has strenuously denied. He is now a central figure in Special Counsel Robert Muellers investigation into alleged collusion between the Trump campaign and Russia. Investigators have previously said they were looking into Manafort's financial ties to prominent figures in Russia.
According to company documents obtained by NBC News in Cyprus, funds were sent from a company owned by Deripaska to entities linked to Manafort, registered in Cyprus.
