Biden bank records show associate got $3M from Chinese company shortly after VP term, report says
WASHINGTON (TND) — A company owned by an associate of President Joe Biden's family was reportedly sent a $3 million wire payment from a Chinese energy company just months after Biden's vice presidential term ended, according to a report by TheDailyMail.com.
On the very next day after that payment was received, the associate's company account then reportedly began transferring money into three different Biden family member accounts.
That information was recently revealed by the House Oversight Committee after the Treasury Department turned over requested suspicious activity reports on the president and his family, according to TheDailyMail.com.
Republican leadership on the House Oversight Committee has reportedly been seeking those suspicious activity reports, along with some bank documents, for a couple of months, and now Secretary Janet Yellen has finally handed them over.
In a statement obtained by TheDailyMail.com, Oversight Chairman James Comer says that his panel will "follow the money trail" and use the newly acquired information to determine if President Biden was ever compromised.
After two months of dragging their feet, the Treasury Department is finally providing us with access to the suspicious activity reports for the Biden family and their associates' business transactions," Comer reportedly says in the statement.
According to bank documents we've already obtained, we know one company owned by a Biden associate received a $3 million dollar wire from a Chinese energy company two months after Joe Biden left the vice presidency,' Comer reportedly added. "Soon after, hundreds of thousands of dollars in payouts went to members of the Biden family."
The $3 million wire payment from a Chinese company was made to John R. Walker's company, according to the report, which adds that Walker allegedly "'formed a joint venture with CEFC China executives." CEFC is a "now-bankrupt Chinese energy conglomerate" according to Democratic Ranking Member Jamie Raskin, the report also said.
Walker is reportedly a business associate of Hunter Biden, President Joe Biden's son. Hunter has repeatedly been engulfed in scandal and many critics believe he used his father's political standing in overseas business deals to make money. Hunter's legal team recently rebuffed a request from the Oversight Committee for documents and communications related to his business dealings, saying that he is a "private citizen."
Raskin revealed on Sunday that the Oversight Committee has since subpoenaed Bank of America asking for records relating to Walker, according to CNN. Fourteen years' worth of bank records of other business associates involved with CEFC was also reportedly quietly subpoenaed.
Raskin revealed this information in a protest letter, according to the New York Post, and he called the subpoena "wildly overbroad" with "limited justification."
These documents go well beyond any business deal with Hunter Biden or CEFC,” Raskin reportedly wrote. “I fear this wildly overbroad subpoena suggests that your interest in this investigation is not in pursuing defined facts or informing public legislation but conducting a dragnet of political opposition research on behalf of former President Trump."
On Monday, during an appearance on Fox News, Comer told host Sean Hannity that Walker's bank records implicate a "new Biden family member," but did not reveal who that new implicated person was.
We got his account. We confirmed that that account, around two months after Joe Biden left the office of vice president, received a $3 million wire from two individuals directly associated with the Chinese Communist Party," Comer said to Hannity.
The very next day after that wire was received. The Walker account started transferring money into three different Biden family members accounts, including a new Biden family member that’s never before been identified as someone being involved in the influence peddling scheme," Comer continued.
Comer reportedly initially requested Yellen in Jan. 2023 to have the Treasury turn over the information surrounding flagged business transactions involving Biden's family.
A month later, Comer reportedly sent another letter that outlined the lack of cooperation from the Treasury Department.
Finally, in March, Comer called for a Treasury official to appear for a transcribed interview on why the information requested had not been provided, according to TheDailyMail.com.
It reportedly was only after Comer apparently threatened the Treasury Department with the transcribed interview that the requested materials and access were provided. The transcribed interview has been since postponed, the report says.
