James Biden is scheduled to testify behind closed doors Wednesday morning in the impeachment inquiry against his brother, President Biden.
The president’s brother is scheduled to appear for a deposition before the House Oversight and Judiciary Committees Wednesday at 10 a.m.
Joe Biden received $40,000 in ‘laundered Chinese money’ from brother in 2017, Comer says
James Biden, also known as Jim Biden, was subpoenaed to appear for a deposition in November before being formally confirmed by the full House as part of the impeachment inquiry.
US President Joe Biden’s brother, James Biden, received $600,000 from Amecore in exchange for promises to deliver funding from the Middle East, a company representative said. (AP)
James Biden was involved in the Biden family’s business ventures along with his nephew Hunter Biden.
In an earlier investigation, House Oversight Committee Chairman James Comer said that Biden’s family, his business associates, and their “affiliates” had received “individuals and companies from China, Russia, Ukraine, Kazakhstan, and Romania. “We discovered that he had been paid a large amount of money.” ”
Comer said that through its investigation, the committee found that the Biden family and their business associates brought in more than $24 million between 2014 and 2019 by “selling Joe Biden as a ‘brand’ around the world.” He said he understood what had happened.
James Biden is expected to be questioned about whether Joe Biden was involved in the family’s overseas businesses.
James Biden will also be questioned about the “loan repayment” checks he wrote to the president, one for $200,000 and one for $40,000.
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Comer said the committee found evidence that the president received “$200,000 in direct payments” in the form of “personal checks” from James Biden and Sarah Biden in 2018. The check was labeled “Loan Repayment.”
Comer said James Biden “received a $600,000 loan from Amecore, a rural hospital operator that ran into financial trouble and went bankrupt.”
“On March 1, 2018, Amecore transferred a $200,000 loan to James and Sarah Biden’s personal bank accounts instead of their business bank accounts,” he continued. “And on the very same day, James Biden wrote Joe Biden a check for $200,000 from the same personal bank account.”
President Joe Biden speaks at the United Auto Workers Conference at the Marriott Marquis on January 24, 2024 in Washington, DC. (Saul Loeb/AFP via Getty Images)
Comer said James Biden “wrote this check to Joe Biden as a ‘loan repayment.'”
“Amecore, a company in distress, lent money to James Biden, and Biden sent it to Joe Biden,” Comer said.
The White House said the commission found that the president was a private citizen who lent his brother money when he needed it, and that a review of bank records shows he was repaid.
Comer also said the president received an additional $40,000 in “loan repayments” from James Biden, which the chairman described as “China money laundering.”
Comer questions $200,000 ‘direct payment’ from James Biden to Joe Biden in 2018
Comer said the “monetary chase” began in July 2017 when Hunter Biden demanded a $10 million payment from CEFC members. In a WhatsApp message, Comer said, “He was sitting with his father and claimed that if he didn’t pony up the money, the Biden network would attack his associates.” explained.
In a WhatsApp message, Hunter Biden reportedly promised Chinese business associates at Chinese energy company CEFC that he and his father “will regret not following my instructions.”
Mr. Hunter requested a transfer of $10 million to SinoHawk Holdings, a joint venture with CEFC.
U.S. President Joe Biden sits in a golf cart while playing golf at Joint Base Andrews, Maryland, June 4, 2023. Biden is playing golf with his brother James Biden. (Jim Watson/AFP via Getty Images)
Hunter Biden told Henry Chao, director of Chinese asset management firm Harvest Fund Management, “I’m sitting here with my father and I want to understand why the promises weren’t fulfilled.” Told. “And Z, if I receive a phone call or text message from anyone other than you, Mr. Zhang, or the Chairman, my powers will be permanently retained between the man sitting next to me and everyone he knows. ‘I’ll see if you’ll regret not following my instructions.’
Mr. Zhao responded in part, saying, “CEFC is ready to cooperate with the family.”
Citing bank records obtained by Comer and the committee, on August 8, 2017, $5 million was transferred to Hudson West III, a joint venture formed by Hunter Biden and CEFC associate Gongwen Dong. He said the money had been sent. On the same day, Hudson West III transferred $400,000 to PC Owasco, another entity controlled and owned by Hunter Biden, Comer said.
Biden meets with Hunter, chairman of Chinese energy company with whom he did business in 2017, former employee testifies
A few days later, on August 14, 2017, Hunter Biden wired $150,000 to Lion Hall Group, a company owned by James Biden and his wife Sarah Biden. Comer said that by August 28, 2017, Sarah Biden withdrew $50,000 in cash from Lion Hall Group and then deposited it into her and James Biden’s personal checking accounts. .
Chairman James Comer (R-Ky.) presents the House Oversight and Accountability Committee entitled “Inappropriate Litigation: Oversight of Third-Party Litigation Funding” on Wednesday, September 13, 2023, in the Rayburn Building. Arrive at the hearing. (Tom Williams/CQ-Roll Call, Inc, via Getty Images)
“A few days later, Sarah Biden wrote Joe Biden a check for $40,000,” Comer said, referring to a Sept. 3, 2017 check obtained by the committee. “In the memo section of the check, it said “loan repayment.”
James Biden’s expected testimony comes as his former business associate Tony Bobulinski testifies before the committee and tells Congressional investigators that Joe Biden is involved in the family’s business ventures・This comes days after he testified that he met personally with Mr. Biden.
Days before Bobulinski’s testimony, another former business associate, Rob Walker, testified that Joe Biden met with the chairman of a Chinese energy company with which his brother and son did business.
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In response to Walker’s testimony, the House Oversight Committee announced, “We can confirm that Joe Biden met with nearly every foreign person who funneled money to his son.”
Meanwhile, the president last week called for a halt to the House impeachment inquiry, calling it “an outrageous undertaking from the beginning.”
