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Hunter Biden was allegedly wired more than $250,000 from Chinese business partners in Beijing in 2019 – with the wires listing the Delaware home of his father Joe, who is now the United States President, as the beneficiary address for the funds.
In 2020, President Biden said his son “had not made money from China”. A new allegation that his son received thousands of dollars from business partners in Bejing was issued in a press release from the Committee on Oversight and Accountability on Tuesday (September, 26).
It comes after, earlier this year, Hunter Biden admitted to a federal judge that he had received $664,000 from a “Chinese infrastructure investment company”. This money came from a company he started in 2017 with the chairman of the CCP-backed CEFC Energy conglomerate, who has since vanished, the President’s son told Judge Maryellen Noreika.
Now, as part of an investigation, the House Oversight Committee subpoenaed financial records. The records also allegedly reveal the Biden family received millions of dollars more in foreign payments than was previously known.
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Hunter Biden and father Joe Biden pictured together in 2016
The Oversight Committee has been investigating the Biden family business dealings and President Biden’s alleged involvement in those ventures. The subpoenaed records relate to a specific bank account which reportedly received two wires originating from Beijing and linked to BHR partners. One of the wires was for $10,000.
The other – for $250,000 and dates August 2, 2019 – was from BHR CEO Li Xiang Sheng, who is also known as Jonathan Li. In 2022, it emerged that, in 2017, Joe Biden wrote a college recommendation letter for Li’s son to Brown University.
BHR Partners is a joint-venture between Beijing-based investment fund management firm Bohai Capital and Hunter Biden’s business development and policy advisory firm, Rosemont Seneca. Hunter Biden sat on the board of directors of BHR Partners, but resigned in October 2019.
That same month, Hunter Briden’s attorney, George Mesires, said the BHR board role was “an unpaid position” and that Hunter had invested approximately $420,000 USD to acquire a 10% equity position in BHR, which he still held at that time
“To date, Hunter has not received any compensation for being on BHR’s board of directors,” said Mesires on October 13, 2019. “He has not received any return on his investment; there have been no distributions to BHR shareholders since Hunter obtained his equity interest.”
However, the two wires linked to BHR partners were sent in July and August 2019. This was 18 months before Joe Biden came into office as President – but several months after he announced his 2020 presidential campaign.
In August 2019, Biden Snr said he “never discussed with my son or my brother or anyone else anything having to do with their business, period.”
However, a press release from the Oversight comittee states: “Evidence shows Joe Biden developed a familiar relationship with Jonathan Li during his vice presidency and prior to these payments to Hunter Biden
Fox News Digital reports it has learned that the committee has records that allegedly reveal the Biden family received millions of dollars more in foreign payments than was previously known. The news outlet says the committee’s records allegedly reveal that, between 2014 and 2019, the Biden family and their associates received $24 million in foreign payments.
This is $4 million more than previously known. Of that $24 million, $15 million allegedly went to the Bidens, with $9 million going to their business associates.
In a statement, House Oversight Committee Chairman James Comer, a Republican Congressman for Kentucky, said: “Bank records don’t lie, but President Joe Biden does.”
On October 22, 2020, Joe Biden said: “My son has not made money, in terms of thing about, what are you talking about? China. The only guy who made money in China is [President Trump].”
“We’ve already proved that to be a lie earlier this year,” said Comer. “And now we know that two wires originating from Beijing listed Joe Biden’s Wilmington home as the beneficiary address when he was running for president of the United States.”
Comer went on to claim that “Joe Biden’s abuse of public office, for his family’s financial, gain threatens our national security.”
He said “Americans demand and deserve accountability for President Biden and the first family’s corruption”. He added: “The Oversight Committee, along with the Judiciary and Ways and Means committees, will continue to follow the evidence and money to provide transparency and accountability.”
Fox News says The White House, attorneys for Hunter Biden and Mesires did not immediately respond to request for comment. The White House maintains that the president was “never in business with his son.”
The subpoenaed financial records allegations come as the House Republicans’ impeachment inquiry investigation against President Biden continues. As well as CHina, questions have also been asked about Hunter’s business dealings in Ukraine while his father was the Obama administration’s point man for US-Ukraine relations.
In 2014, Hunter joined the board of Ukrainian energy company Burisma Holdings and was paid as much as $1.2m per year. As part of an anti-corruption drive, Vice-President Biden was at the time rallying for the removal of the country’s top prosecutor, Viktor Shokin.
Mr Shokin was removed by Ukraine’s parliament in 2016. However, critics argue the prosecutor only lost his job because he was investigating Burisma.