Democratic Congressman Investigating Trump Goes to Russias Money Laundromat, Cyprus
Congressman Investigating Trump Goes to Russias Money Laundromat, Cyprus
Source: Daily Beast
Congressman Investigating Trump Goes to Russia’s Money Laundromat, Cyprus
The House Intelligence Committee sent one of its members to the Mediterranean country where Wilbur Ross, Paul Manafort, and sanction-dodging oligarchs have all had money.
“Cyprus has a reputation as a laundromat for the Russians who are trying to avoid sanctions,” Rep. Mike Quigley told The Daily Beast. “It was extraordinarily helpful in understanding how the Russians launder money and why.”
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The Trump administration’s Commerce Secretary, Wilbur Ross, was involved in a business deal with a Russian businessman with ties to Russian President Vladimir Putin while he was the vice-chairman of the Bank of Cyprus.
And last month the Associated Press reported that Treasury Department agents obtained bank transaction information involving former Trump campaign chairman Paul Manafort, specifically transactions going through Cyprus, which AP described as “known as a haven for money laundering by Russian billionaires.”
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“The fact that Turkey, the U.S and Russia and other countries are really interested in Cyprus, because of its strategic location… the fact that Russians launder their money there to avoid sanctions, and the fact that key U.S. and Russia players were there—all make it really important for the Russia investigation,” Quigley explained.
Read more: http://www.thedailybeast.com/articles/2017/04/14/congressman-investigating-trump-goes-to-russia-s-money-laundromat-cyprus.html