On Thursday, House Republicans outlined plans to investigate Joe and Hunter Biden’s foreign business dealings, calling the investigation a “top priority” for the GOP in the new Congress.
Rep. James Comer (R., Ky.), who will chair the House Oversight Committee next year, said Republicans will explore “all avenues” of the Biden family’s business activity in China and Ukraine. Comer alleged President Biden “lied” when he said he never discussed business with his son.
“This is an investigation of Joe Biden, the President of the United States, and why he lied to the American people about his involvement in his family’s international business ventures,” said Comer, who claimed that the committee had discovered evidence that Hunter Biden had made dispatches. fraud and violated foreign agent laws.
Republicans are launching the full-scale probe as part of an ongoing federal probe into Hunter Biden. Federal prosecutors have been investigating Biden since 2018 for potential tax evasion and violations of the Foreign Agents Registration Act. But reports have raised concerns that prosecutors are lenient with the younger Biden. Prosecutors are reportedly considering charges against Biden related to his taxes and a gun incident from 2018.
Republicans say they not only fear Joe Biden lied about his involvement in his son’s affairs, but pose potential national security risks.
A Republican Congressional report released Thursday said “evidence indicates that President Joe Biden personally participated in and benefited from these financial ventures, leaving him open to influence, blackmail, or extortion by malicious entities. or foreign such as the CCP”.
A focal point of the investigation will be Hunter Biden’s work with CEFC China Energy, an energy conglomerate linked to Chinese intelligence. The company paid Hunter Biden at least $6 million in 2017 to seek energy investment deals. Biden received an additional $1 million to provide legal services to a CEFC executive accused of trying to bribe African officials for mineral rights. One of Hunter’s former business partners, Tony Bobulinski, posted text messages saying he met Hunter and Joe Biden in 2017 to discuss a multi-million dollar deal with CEFC.
Hunter Biden and his business associates have repeatedly lobbied federal agencies to advance their financial interests. In 2015, the Biden Consortium lobbied the State Department to forge a relationship with a Chinese Communist Party front group, the Chinese People’s Association for Friendship with Foreign Countries, to help their fund. investment to access China.
Comer said the committee will renew requests to federal agencies for Hunter Biden’s bank records, which he says will show whether the Bidens have been “compromised or influenced by foreign dollars.” According to Comer, the Biden administration has denied congressional requests for 150 suspicious activity reports banks have filed against Hunter Biden for suspicious banking transactions.
Comer detailed two suspicious activity reports that the committee reviewed. One involved bank transfers from Biden to an escort service. Another reported 93 leads between February 2014 and August 2019 totaling $2,461,962 involving Biden’s activities in China. The report, filed by Biden’s bank, JP Morgan, called him a “politically exposed person.”
President Bided laughed off Republican plans to investigate his son last week, telling reporters the American public “wants us to move on.”