WASHINGTON — The Treasury Department has approved members of the House Oversight Committee to review reports of suspicious activity involving President Biden’s family, panel chairman James Comer announced Tuesday.
Documents submitted by banks to the U.S. government may contain recent details about the first family’s murky foreign income and hundreds of thousands raised by Hunter Biden’s first son and James Biden’s first brother in countries where their powerful relative ruled.
“After two months of procrastination, the Treasury Department is finally giving us access to reports of suspicious business dealings involving the Biden family and their associates,” said Comer (R-Ky.).
“We must always never have threatened to conduct an interrogation and to transcribe an interview with an official under penalty of perjury to ensure that the Ministry to ultimately grant part of our request.”
![President Joe Biden (C) makes remarks on the February Jobs Report with Economic Advisors Council Chair Cecilia Rouse (L) and National Economic Council Director Lael Brained in the Roosevelt Room of the White House on March 10, 2023 in Washington, DC.](https://nypost.com/wp-content/uploads/sites/2/2023/03/Biden-family-1.jpg?w=1024)
The reports Comer requested last yr, when he was a member of the rating committee, and again in January, are likely to make clear the details of the financial trail involving the Biden family’s relationships in China, Russia, Ukraine and potentially other countries.
The Treasury Department requires committee members and staff to review the material behind closed doors – i.e. in private – though it isn’t clear if any underlying rules would prevent the rapid dissemination of key details.
“For over 20 years, Congress has had access to these reports, but the Biden administration modified the rules unexpectedly to limit our ability to exercise oversight,” Comer accused.
“From the bank records we have already obtained, we all know that one company owned by a Biden associate received a $3 million transfer from a Chinese energy company two months after Joe Biden left the vp,” he said.
Soon after, a whole lot of hundreds of dollars in payouts went to members of the Biden family. We are going to proceed to use bank records and suspicious activity reports to track money trails to determine the extent of the Biden family’s business plans, whether Joe Biden is threatened by these deals, and whether there’s a threat to national security.”
Comer added: “If the Treasury tries to block our investigation again, we are going to proceed to use the tools at our disposal to implement compliance.”
![Rep. Jamie Raskin of Maryland, the top Democrat on the House Oversight and Accountability Committee, proposes amendments to the panel's rules during the organizing meeting of the 118th Congress at the Capitol in Washington, D.C., Tuesday, Jan. 31, 2023.](https://nypost.com/wp-content/uploads/sites/2/2023/03/Jamie-Raskin.jpg?w=1024)
The House Oversight Committee’s investigation into the Biden family’s funds is heating up — and on Monday, the top Democrat on the committee, Congressman Jamie Raskin of Maryland, revealed that Comer had issued a subpoena to Bank of America over 14 years of bank records relating to a trio of Hunter Biden associates, although inquiries have been thwarted elsewhere, including the refusal of a Recent York gallery owner to discover novice buyers of Hunter Biden’s artwork.
Late Monday, Comer confirmed it had received Bank of America records on one associate of Hunter Biden, former federal official John Robinson “Rob” Walker.
“We discovered it [Walker] he got a $3 million transfer two months after Joe Biden left [as vice president in 2017]and the next day from that account…they began transferring money to members of Biden’s family, plural,” Comer told Fox News’ America’s Newsroom. “And there have been three different members of the Biden family who got a cut from that $3 million, including a recent member of the Biden family who had never been involved in any of these investigations before.
“So our query is, what exactly did they do to get that cash? What was the purpose of this $3 million transfer?
Comer declined to discover a recent Biden relative implicated in the bank records, saying only: “It’s Biden.”
Raskin identified that the Bank of America subpoena was at the very least partly about Hunter and James Biden’s relationship with CEFC China Energy, a now-defunct company said to be a cog in Beijing’s “Belt and Road” foreign influence campaign.
CEFC paid Hunter and James Biden $4.8 million in 2017 and 2018, according to a Washington Post review of Hunter Biden’s abandoned laptop records, although the exact haul could also be clarified in Treasury files.
![Tony Bobulinski, who claims to be a former associate of Hunter Biden, speaks to reporters ahead of the presidential debate, Thursday, Oct. 22, 2020, in Nashville.](https://nypost.com/wp-content/uploads/sites/2/2023/03/Tony-Bobulinski.jpg?w=1024)
Hunter Biden’s former business partner Tony Bobulinski said he met with Joe Biden in May 2017 to discuss a cope with the CEFC, and an email later that month from fellow Hunter Biden associate James Gilliar proposed that 10 % of the business transaction “was held by H for the big guy.
Each Bobulinski and Gilliar identified Joe Biden as a “big guy.” email from October 2017 identifies Joe Biden as a participant in a phone call regarding CEFC’s attempt to buy American natural gas.
“The media says it is a Hunter Biden investigation,” Comer said on Tuesday. “That is the Joe Biden investigation, and we’re investigating the Biden family, and again, with this recent piece of information, it’s expanding. There are more family members involved than simply the president’s son.”
Comer added that the committee “couldn’t discover any business purpose” for the wires, saying the money had apparently ended up in the personal accounts of Biden’s family members.
“They do not produce anything, they do not sell anything, they do not own any real estate. We do not know what it’s,’ he said. “My theory is that it’s influence peddling, and whether it is, it’s improper.”
Republican critics say President Biden’s ability to manage US-China relations is threatened by his family’s financial ties, including BHR Partners, co-founder of Hunter Biden, a Chinese state-backed investment fund created in 2013 inside weeks of Hunter joining to then Vice President Biden aboard Air Force Two on an official trip to Beijing, according to the Wall Street Journal. Hunter introduced his dad to BHR CEO Jonathan Li, and Joe Biden later wrote letters of suggestion to Li’s kid’s college.
Web business records suggest Hunter Biden still owns 10% of BHR Partners, meaning he manages $2.1 billion in assets and boasts of “unique mixed ownership”. In 2016, the company facilitated a deal wherein a Chinese company bought a Congolese cobalt mine from US and Canadian firms. Cobalt is utilized in electric automotive batteries.
CBS news reported last yr that there are over 150 reports of suspicious activity involving Hunter and James Biden.
Reports may reveal enduring intrigues, similar to Hunter Biden’s relationship with a pair of Russian billionaires whom President Biden spared from US sanctions for Russia’s invasion of Ukraine – after they teamed up with Hunter Biden years earlier to seek US real estate investments.
Yelena Baturina, the widow of former Moscow mayor Yuri Luzhkov, allegedly wired $3.5 million in February 2014 to the checking account of an organization linked to Hunter Biden, according to a September 2020 Republican-led Senate committee report.
![U.S. Treasury Department building in Washington, DC.](https://nypost.com/wp-content/uploads/sites/2/2023/03/Biden-Family-4.jpg?w=1024)
Baturina, whose investments in the US could reach staggering nine figures, was invited to a dinner in Washington in 2015.
The same meal was attended by an emissary of the Ukrainian gas company Burisma, which began paying Hunter Biden up to $1 million a yr to sit on its board in 2014 while his dad ran the Obama administration’s Ukraine policy.
It’s unclear whether one other Russian oligarch related to Hunter Biden, Vladimir Yevtushenko, actually purchased the property after meeting his then-second son in Recent York in 2012 after which arranging one other meeting next yr in Washington, although documents from the laptop indicate to actively seek for investments, and the reports may contain recent information.
Hunter and James Biden also actively courted the interests of the Mexican business elite, whom Joe Biden hosted at the Vice President’s residence in Washington, D.C. in 2015 before flying Hunter and business associate Jeff Cooper to Mexico on an official trip in 2016.
Hunter Biden wrote in messages recovered from his former laptop that he paid his father as much as “half” of his income. He’s under federal investigation by the U.S. Attorney’s Office in Delaware for possible tax evasion, illegal foreign lobbying, money laundering, and lying about drug use on a gun purchase form.