US President Joe Biden has been shown to have benefited from his family’s illicit business deals with Chinese businessmen linked to the CCP, according to new financial disclosures provided by the House Oversight Committee.
The Wall Street Journal laid out the known facts of the startling revelations.
“According to the committee’s latest memo of bank records, the first check was written to Joe Biden on September 3, 2017 after a series of complicated financial transactions. The memo alleges that earlier that year , hunter Biden and his business partners forged a venture with CEFC, an energy company with connections to the Chinese government, that required him to come up with a $10 million equity payment when the money wasn’t forthcoming.
House Republicans leading an impeachment inquiry against President Biden are closely scrutinizing these financial transactions between Joe Biden and his brother James Biden.
This scrutiny is part of a broader investigation into the business dealings of the Biden family, with a specific focus on whether the president has personally benefited from political influence peddling, which has potentially compromised his administration.
The financial records, which were subpoenaed by the Republican staff of the House Oversight and Accountability Committee, reveal that Joe Biden obtained money directly from his brother James in two cases, during the period between his vice presidency and the presidency.
House Republicans released additional information about one of those cases on Wednesday. The president and his supporters claim they constitute repayment of loans made by Joe Biden to his brother. Financial records also provide evidence that checks serve as a means of repaying a loan.
But the Republican-led House has launched an investigation into the sources of two payments, saying one payment originated from James Biden’s business involvement with a US-based healthcare company, while the other payment was associated with to a Chinese business that James Biden Biden and Hunter Biden, the president’s son, were affiliated with.
Republicans have yet to prove conclusively whether Joe Biden had knowledge of where the cash came from.
However, Joe Biden’s office coordinated with his son Hunter Biden in a number of ways: arranging travel for him and his business associates, copying him on official government business, and even making sure he had “special attention” on their influence-peddling trips to China. .
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