Special counsel brings new charges against Manafort, Gates

Ex-Trump campaign chairman Paul Manafort and his business associate Richard Gates have been indicted by a federal grand jury in the Eastern District of Virginia, according to a statement released by special counsel Robert Mueller.

Mueller filed an indictment with 32 counts — including 16 counts related to false individual income tax returns, seven counts of failure to file reports of foreign bank and financial accounts, five counts of bank fraud conspiracy, and four counts of bank fraud.

The new charges stem from work Manafort and Gates performed for Ukraine, specifically for Ukrainian President Victor Yanukovych and the political parties affiliated with him.

Between 2006 – 2015, the indictment charges that the two did not pay taxes on the Ukraine income, “by disguising it as alleged ‘loans'” from offshore corporate entities and using foreign accounts to buy U.S. real estate, and improve and refinance their properties.

Further, between 2015 and 2017, as the Ukrainian income dried up after Yanukovych fled to Russia, Manafort, with Gates’ help, extracted money from his own real estate by using the properties as collateral to get loans of over $20 million.

For now, everything Manafort gets charged with Gates is also charged with, since they are co-defendants in a conspiracy case, Reid points out. 

The special counsel has been leading the investigation into potential Trump campaign collusion with the Russian government during the 2016 U.S. presidential election.

CBS News’ Paula Reid contributed to this report. 

This is a developing story and will be updated.