WASHINGTON – A bank money laundering expert raised internal alarms in 2018 that first son Hunter Biden received millions of dollars from a company linked to the Chinese government without “any services provided,” an email released Wednesday shows by House Republicans.
The document was drafted by a Bank Secrecy Act manager who expressed concern about the transfer of more than $5 million by a Chinese company in 2017, just days after Hunter threatened his father’s wrath; The expert noted that the funds were described without evidence as a “loan.”
“Since the initial financing of $5,000,000,000 from Northern International Capital Holdings (HK) Limited on 08/08/17 as a commercial loan, it was noted that no loan agreement document had been submitted,” the bank official wrote , whose name and employer were redacted in the House Oversight Committee statement.
“The funds in the account have primarily financed 16 transfers [to a Hunter Biden-owned law firm]. These payments were indicated as management fees and refunds,” the email author continued.
“We find it unusual that approximately 58% of the funds have been transferred to the law firm in a few months and that the frequency of payments appears erratic,” the bank’s expert wrote.
“It was also stated above that [initial funds recipient] HUDSON WEST III LLC does not currently have any investment projects at this time, which raises further concerns as fees in the millions are being paid, but does not appear to have any services provided by Owasco PC.”
A bank money laundering expert raised internal alarms in 2018 that first son Hunter Biden received millions of dollars from a company linked to the Chinese government without “any services rendered.” AP
The email adds that Hunter Biden’s ex-wife, Kathleen Buhle, had alleged “concerns about his extravagant spending for personal gain (drugs, strip clubs, prostitutes, etc.)” and that “recent negative news indicates that China is targeting the children of politicians and buying political influence through ‘attractive deals’.”
The anti-money laundering expert noted that Hunter Biden was part of a separate Chinese company in 2013, namely the co-foundation of BHR Partners, whose “purpose is to invest in companies that benefit the Chinese government.”
Hunter’s ties to China “may require a reassessment of the client relationship,” the bank official wrote, seeking comment from his colleagues, although it is unclear what they may have said in response.
Oversight Committee Chairman James Comer (R-Ky.) said the message underscores the importance of an ongoing impeachment inquiry into President Biden’s ties to his family’s businesses in China, Ukraine and other countries. during and immediately after his vice presidency.
House Oversight Committee Chairman James Comer said the message underscores the importance of an ongoing impeachment inquiry into President Biden’s ties to his family’s businesses in China, Ukraine and other countries. AP
“Long before our investigation into President Biden’s corruption, a bank money laundering investigator raised the same concerns we raised publicly about the Biden family business: ‘payments appear erratic,’ ‘no services appear to have been provided ‘, ‘no current business’. “purpose” and “objective of China.”[s] children of politicians and buying political influence through ‘attractive deals,’” Comer said.
“Those are the words of a bank investigator who was simply doing his job. The bank’s investigator was so concerned about Hunter Biden’s financial transactions with the Chinese company that he wanted to reevaluate the bank’s relationship with the customer.”
Comer, himself a former bank director, alleged on Nov. 1 that $40,000 of Chinese funds appear to have gone into Joe Biden’s bank account after being received by his brother James Biden, Hunter’s partner in the company.
That transfer was labeled “loan payment.”
Comer, himself a former bank director, alleged on Nov. 1 that $40,000 of Chinese funds appear to have gone into Joe Biden’s bank account after being received by his brother James Biden, Hunter’s partner in the company. AFP via Getty Images
Experts note that the payments are sometimes described as loans to avoid tax liability.
House Democrats say there is evidence that Joe Biden loaned his brother an identical amount, but Republicans say the funds came from a law firm, clouding the picture, and argue that even if there was a loan deal, Joe Biden was repaid using the Chinese government. linked funds.
The release comes as a Los Angeles grand jury considers federal charges against Hunter Biden for failing to pay about $2 million in foreign income taxes, after Hunter in July backed out of a probation plea deal. which critics criticized as a favorable agreement.
Hunter could also face money laundering charges or charges for allegedly violating the Foreign Agents Registration Act.
The transfer of $5 million from the same deal with CEFC China Energy that Joe Biden, known as the “big guy,” was scheduled for a 10% cut in May 2017.
Joe Biden was also listed as a participant in an October 2017 call about the company’s attempt to buy American natural gas.
Hunter invoked his father’s possible wrath in a July 2017 text message demanding that a China-based CEFC associate move forward with a business deal, writing that he was “sitting here with my father.”
Within 10 days of the threat, $5.1 million flowed into Biden-linked accounts, following an initial tranche of $1 million in March 2017, less than two months after Joe Biden completed his vice presidency.
The White House and Hunter Biden’s legal team did not immediately respond to The Post’s requests for comment.
Categories: Trending
Source: vtt.edu.vn