Sen. Chuck Grassley (R-Iowa) says President Biden’s brother, James “Jim” Biden, is the focus of investigators examining first son Hunter Biden’s foreign business deals.
The longtime senator co-authored a September 2020 report with Sen. Ron Johnson (R-Wis.) on the Biden family’s business activities. The two senators released a supplemental report in November and recently went to the Senate to reveal bank records detailing Jim Biden’s role in China-related business ventures.
“We have people named Biden dealing with Chinese businessmen who have a relationship with the Communist Party. [and] I think James Biden was really part of it,” Grassley told CBS News in an interview Wednesday.
Documents released by Johnson and Grassley revealed that Hunter Biden and Jim Biden received monthly payments of $100,000 and $65,000, respectively, as part of an August 2017 consultancy agreement between the now first son and Gongwen Dong, a senior official of CEFC China Energy.
The documents also indicate that Jim Biden’s company, the Lion Hall Group, received payments directly from Hudson West III, a company jointly owned at the time by Hunter Biden’s law firm Owasco and Coldharbour Capital LLC, which Johnson and Grassley’s September 2020 report linked to Dong.
Other payments to Lion Hall were funneled through Owasco – nearly $1.4 million between August 2017 and 2018. The movement of money caught the attention of US banks, which CBS said had flagged it as suspicious. more than 150 transactions involving Hunter or Jim Biden.
Jim Biden’s involvement in Hunter’s business activities is well known, but a less frequent subject of media and political attention. Grassley’s remarks raise the possibility that the president’s brother could also be in the GOP spotlight next year if Republicans win the midterm elections.
Hunter Biden revealed in December 2020 that he was under federal tax investigation and the New York Times recently reported that he had paid over $1 million in back taxes in an attempt to to avoid prosecution, as authorities are also considering possible charges of money laundering and foreign lobbying.
It’s unclear to what extent federal prosecutors are reviewing Jim Biden’s work with his nephew.
Jim Biden has worked closely with Hunter on some — but not all — of his overseas business ventures, including with CEFC, which the Washington Post reported last month he paid the uncle and nephew $4.8 million in 2017 and 2018.
Former Hunter Biden business partner Tony Bobulinski said in October 2020 that he spoke with Joe Biden in May 2017 after being introduced by Hunter, who reportedly described Bobulinski as “the one who helps us with the business we let’s do with the Chinese”.
A May 13, 2017 email retrieved from a laptop that once belonged to Hunter said the “big guy” would get a 10% stake in a corporate entity established with CEFC.
Bobulinski alleges the president was the “big guy.”
According to Bobulinski, the former vice president told him, “Keep an eye on my son and my brother and pay attention to my family.”
The emails also show that in September 2017, Hunter Biden requested a new sign and more keys for an office he was renting in DC’s House of Sweden office building. The sign was to say “The Biden Foundation and Hudson West (CEFC-US)” and the keys were for his father, stepmother Jill Biden, uncle Jim and Dong. A spokeswoman for the agency overseeing the property, however, told the Washington Post that the sign was never altered and the keys were not collected.
Jim Biden also openly bragged about selling influence to his older brother as he and Hunter Biden sought to take over a New York-based hedge fund in 2006, according to the 2021 book “The Bidens: Inside the First Family’s Fifty-Year Rise to Power”. by Politico reporter Ben Schreckinger.
“Don’t worry about investors,” Jim Biden reportedly told a business executive. “We have people all over the world who want to invest in Joe Biden… We have investors lined up in a line of 747s full of cash ready to invest in this company.”
Joe Biden’s son Beau, who died in 2015, reportedly berated his uncle in response, saying, “It can never leave this room. And if you ever say it again, I’ll have nothing to do with it.
Some of the first son’s business ventures do not appear to involve his uncle.
For example, Hunter Biden co-founded a Chinese investment firm called BHR Partners in 2013 less than two weeks after flying with his father to Beijing on Air Force Two. Hunter introduced Joe Biden to BHR CEO Jonathan Li in the lobby of a hotel in the Chinese capital. The fund is partly controlled by public entities and facilitated the sale in 2016 for $3.8 billion of Congolese cobalt from a US company to China Molybdenum. Cobalt is a key element in electric car batteries.
Hunter Biden’s attorney, Chris Clark, said in November 2021 — less than a week after President Biden’s 3.5-hour virtual summit with Chinese President Xi Jinping — his client had finally divested his 10-year stake. % in BHR Partners, but did not provide any further details. The White House declined to share details of the alleged transactions and referred reporters to Clark, who did not respond to inquiries.
Joe Biden’s role as vice president was also linked to his son’s business dealings in Kazakhstan, Mexico, Russia and Ukraine.
In Ukraine, Hunter Biden was given $1m a year to serve on the board of Ukrainian gas company Burisma, founded by corrupt pro-Russian oligarch Mykola Zlochevsky, while his vice-president father ran Ukrainian politics. of the Obama administration.
Although Joe Biden claimed in 2019 that he had “never spoken” with his son about “his overseas business dealings”, this statement was directly contradicted when The Post reported in October 2020 that Burisma leader Vadym Pozharskyi had sent a email to Hunter in 2015 thanking him for the opportunity to meet his father.
A photo and emails later reported by The Post indicate Joe Biden attended a 2015 dinner at DC’s Cafe Milano with a group of his son’s associates – including Pozharskyi, a trio of Kazakhs and the Russian billionaire Yelena Baturina and her husband, former Moscow mayor Yury Luzhkov. Baturina is Russia’s richest woman and the 2020 Grassley and Johnson report alleges that in 2014 she paid $3.5 million to a company associated with Hunter Biden.
New York Post