A Hunter Biden business entity tied to China made direct monthly payments to Joe Biden in the months leading up to the former vice president’s announcement that he would run for president in 2020, according to newly released subpoenaed bank records from the House Oversight and Accountability Committee.
The monthly payments came from Owasco PC, which Hunter Biden set up as a business entity.
Biden, the president’s 53-year-old son, is under federal investigation for using Owasco PC’s corporate account to commit alleged tax crimes. Owasco PC has links to Chinese energy company CEFC, where the younger Biden was a partner.
This is at least the third example of a direct payment to Joe Biden that stems from a family-owned business entity. What appears to be different here is that the payments came directly from a Biden company.
Two previous payments appeared to filter indirectly through the president’s younger brother, James Biden.
House Oversight and Accountability Chairman James Comer, R-Ky., noted in a video statement that the president previously claimed there was an “absolute wall” between his official government duties and his family’s business; claimed his family didn’t receive money from China; and claimed he didn’t talk to his son about his business dealings.
On each, Comer said, “This was a lie.”
“Now, Hunter Biden’s legal team and the White House’s media allies claim Hunter’s corporate entities never made payments directly to Joe Biden,” Comer said. “We can officially add this latest talking point to the list of lies.”
“Today, the House Oversight Committee is releasing subpoenaed bank records that show Hunter Biden’s business entity, Owasco PC, made direct monthly payments to Joe Biden,” the Kentucky Republican said.
“This wasn’t a payment from Hunter Biden’s personal account but an account for his corporation that received payments from China and other shady corners of the world,” Comer added.
The oversight panel is one of three House committees leading an impeachment inquiry into the senior Biden’s activities for evidence of influence peddling.
The committee subpoenaed the financial records of Hunter Biden and of James Biden in September.
The House-obtained records show that Hunter Biden’s business account, Owasco PC, received payments from companies linked to Communist China and from other foreign nationals and companies.
Records released by the committee show one monthly payment in September 2018 for $1,380.
Also that year, James Biden wrote two separate checks to Joe Biden for $200,000 and $40,000, respectively. The checks were marked as “loan repayments,” but Comer’s committee has tied the payments directly to Biden family business transactions.
An FBI confidential informant said in a formal document that executives from the Ukrainian energy company Burisma paid a $5 million bribe to Joe Biden and another $5 million to Hunter Biden in 2016 when Biden was still Barack Obama’s vice president.
While he was vice president, Biden met with or communicated with several of his son’s business partners, records show.
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