The Biden associate received a $3 million wire transfer from a Chinese energy company two months after his term as vice president ended and his family members received thousands in payments, according to the senior republican, he is in possession of bank documents
- Oversight Chairman James Comer revealed he received suspicious activity reports on Biden family accounts
- Included a $3 million payment to a Biden associate by a Chinese business
- Comer says Treasury only released the documents after threats of a transcribed interview with a department official
A Chinese energy company sent a $3 million wire transfer to a company owned by an associate of the Bidens, the powerful oversight committee can now reveal after the Treasury Department hands over suspicious activity reports linked to the first family.
Oversight Chairman James Comer said in a statement provided to DailyMail.com that his panel will use the newly obtained bank documents to “follow the money trail” and determine whether President Joe Biden has been compromised.
The new GOP leadership on the Oversight Committee has been seeking bank documents and suspicious activity reports about the president and his family from the Treasury Department for two months — and Secretary Janet Yellen has finally turned over the requested material.
It comes after Democratic ranking member Jamie Raskin revealed in a scathing letter on Sunday that Republicans on the panel had subpoenaed a Hunter Biden associate seeking years of financial information.
Oversight committee chairman James Comer revealed Tuesday morning that the panel received a trove of financial documents and suspicious activity reports from Biden family accounts.
It comes after two months of the panel pushing the Treasury Department and its secretary Janet Yellen for the materials – and following a call from Comer for a transcribed interview with a Treasury official
The massive electronic payment made just months after his term as Biden’s vice president ended was for John R. Walker’s company. Walker reportedly “formed a joint venture with the executives of CEFC China”, which Raskin said is a “now bankrupt Chinese energy conglomerate”.
“After two months of dragging its feet, the Treasury Department is finally giving us access to suspicious activity reports for the Biden family and their associates’ business dealings,” Comer wrote in his statement on the newly obtained information.
“From bank documents we have already obtained, we know that a company owned by a Biden associate received a wire transfer of $3 million from a Chinese energy company two months after Joe Biden left the vice presidency. “, he detailed. “Soon after, hundreds of thousands of dollars in payouts went to members of the Biden family.”
Comer said Secretary Yellen only agreed to hand over the documents after threatening to hold a hearing on the matter and conduct a transcribed interview.
“For more than 20 years, Congress has had access to these reports, but the Biden administration changed the rules on the fly to restrict our ability to conduct oversight,” the Kentucky lawmaker alleged.
Raskin accused Comer of running a “political net” seeking to “meddle” in Walker’s private details through the subpoena. He says a trio of subpoenas are seeking ‘all financial records’ of three people over a ‘staggering period of 14 years’.
It appears the ranking member was notified of the subpoena by the majority, but he chastised Comer in his letter for exceeding the usual 48-hour notice period.
He also accused Comer of interfering in the private details of Walker, who was involved in a joint venture with Chinese company CEFC energy.
Comer framed the ties between the Biden family and the CEFC as a web of entanglements to benefit the president and his family members.
“We will continue to use bank records and suspicious activity reports to follow the money trail to determine the extent of the Biden family’s business plans, whether Joe Biden is compromised by these deals, and whether he a threat to national security exists,” Comer writes.
He added: “If the Treasury attempts to block our investigation again, we will continue to use the tools at our disposal to compel compliance.”
A report revealed a $3 million wire transfer from a Chinese energy company to a company owned by a Biden associate just two months after President Joe Biden completed his term as vice president.
Comer originally wrote to Yellen on Jan. 11, 2023, asking the Treasury to turn over information regarding reported business transactions by U.S. banks involving the Biden family and their associates.
More than a month later, on February 24, Comer sent an additional letter outlining the department’s lack of cooperation – then last week, on March 7, he called a Treasury official to introduce himself to a transcribed interview and explains why the requested information was not provided.
It was only after this call that documents and camera access were provided to Comer and the Republicans on the panel.
The Oversight Committee’s transcribed interview with Jonathan Davidson, assistant secretary for legislative affairs, is postponed, according to the panel’s statement Tuesday morning.
