Russian oligarch sues Trump's former aide Manafort for fraud

Former Trump campaign chairman Paul Manafort faces new legal headaches

Deripaska's representative announced in March previous year when the cooperation between the businessman and President Donald Trump's former campaign manager became the subject of attention of foreign media that there were contracts with Manafort which are now involved in litigation.

Reuters reported on Wednesday that Deripaska is an "ally of Russian President Vladimir Putin".

Surf Horizon Limited, a Cyprus-based company with ties to Oleg Deripaska, accused Mr Manafort and his business partner, Richard Gates, of misappropriating almost $19 million which it had invested in Ukrainian telecoms companies. The lawsuit was filed in a NY state court.

"The suit to recover losses and the fine was filed in relation to investment made by Surf in a group of Ukrainian companies, Black Sea Cable". Both men were charged with 12 federal counts, including conspiracy against the US, conspiracy to launder money, and being an unregistered agent of a foreign principal, among others.

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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. "T$3 he dealings of Manafort and Gates with Surf mirror the pattern of corporate dealings alleged in the [Mueller] Indictment", the complaint states.

Deripaska's lawsuit seeks punitive damages of $25 million, compensatory damages of "more than $1.1 million" plus interest and legal fees of "no less than $1,750,000".

Lawyers for Manafort and Gates could not immediately be reached for comment. "This is a commercial matter which we thought had been addressed and resolved years ago".

Manafort reportedly offered Mr Deripaska private briefings during Trump's campaign. "We will respond, if we must do so, in the appropriate manner", Maloni also told the Post.

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