Bank Investigator Concerned by Chinese Payments to Hunter Biden
In a significant revelation, the House Committee on Oversight and Accountability, under the leadership of Rep. James Comer, has unveiled an email from a bank investigator expressing apprehensions about financial transactions involving $5 million from a Chinese company. Notably, $40,000 of this sum reportedly found its way into Joe Biden’s possession.
The 2018 email, brought to light by Comer, details the investigator’s concerns regarding the initial $5 million funding from Northern International Capital Holdings, an entity affiliated with CEFC and linked to the Chinese government. The investigator flagged irregular payments to Hudson West III, a joint venture involving Hunter Biden and a Chinese national, as well as Owasco, P.C., an entity owned by Hunter Biden.
Of particular concern was the significant flow of funds from Hudson West III to Owasco, P.C., despite the latter not providing any services or being involved in investment projects at the time. The investigator raised the possibility that these transactions could be indicative of “China targeting the children of politicians” to influence them through what he referred to as “sweetheart deals.”
Comer underscored the investigator’s deep concern, noting their desire to reassess the bank’s relationship with the customer due to the financial transactions involving Hunter Biden and the Chinese company.
The Oversight Committee asserts that the flagged funds, part of a complex financial web originating from the initial $5 million funding, were directed to Joe Biden through the account of his brother, James Biden, and sister-in-law, Sara Biden.
In a series of financial transactions, on August 8, 2017, Northern International Capital transferred $5 million to Hudson West III, which promptly sent $400,000 to Owasco, P.C. A week later, on August 14, 2017, Hunter Biden wired $150,000 to Lion Hall Group, LLC, a company owned by President Biden’s brother James and sister-in-law Sara Biden. Toward the end of August, on the 28th, Sara Biden withdrew $50,000 in cash from Lion Hall Group, subsequently depositing it into her and James Biden’s personal checking account on the same day. Finally, on September 3, 2017, Sara Biden issued a $40,000 check to Joe Biden, framed as a “loan repayment.”
Comer highlighted the broader issue, emphasizing that even if the $40,000 check was framed as a loan repayment from James Biden, it underscores Joe Biden benefiting from his family leveraging his name, with the funds originating from China. The chairman concluded by asserting that the evidence points to the sitting President’s knowledge, participation, and benefit from his family’s questionable dealings with China.
The Oversight Committee’s release of the bank investigator’s email raises further questions about potential financial entanglements between the Biden family and Chinese entities. The concerns outlined in the email add to the growing scrutiny surrounding the Biden family’s financial dealings and their implications for national security and ethical considerations. Comer expressed the committee’s commitment to continuing its investigation, ensuring transparency, and holding those involved accountable.