Witness testifies that financial institution CEO was concerned in Manafort loans

ALEXANDRIA, Va. (Reuters) – A former govt with Federal Savings Bank testified at ex-Trump marketing campaign chairman Paul Manafort’s financial institution and tax fraud trial on Friday that the chief govt of the Chicago-based financial institution pushed for $16 million in loans made to Manafort.

FILE PHOTO: Former Trump marketing campaign supervisor Paul Manafort departs from U.S. District Court in Washington, DC, U.S., February 28, 2018. REUTERS/Yuri Gripas/File Photo

The former govt, Dennis Raico, who was testifying below immunity, stated Federal Savings Bank CEO Stephen Calk was immediately concerned within the granting of the loans. Four of the 18 felony counts Manafort faces contain the loans.

Reporting by Nathan Layne; Writing by Eric Beech; Editing by Tim Ahmann

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