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James Biden is anticipated to testify in the impeachment inquiry in opposition to his older brother, President Biden behind closed doors on Wednesday morning.
The president’s brother is ready to seem for a deposition earlier than the House Oversight and Judiciary Committees Wednesday at 10 a.m.
JOE BIDEN RECEIVED $40K IN ‘LAUNDERED CHINA MONEY’ FROM BROTHER IN 2017, COMER SAYS
James Biden, additionally referred to as Jim Biden, had been subpoenaed in November to seem for a deposition as a part of the impeachment inquiry — prior to it being formalized by the total House.
James Biden, brother of US President Joe Biden, was given a $600,000 from Americore in alternate for guarantees that he might ship on funding from the Middle East, an organization consultant mentioned. (AP)
James Biden was concerned in the Biden household enterprise ventures together with his nephew, Hunter Biden.
So far, throughout the investigation, House Oversight Committee Chairman James Comer mentioned he has discovered that Biden members of the family, their enterprise associates and their “related companies” obtained “significant payments from individuals and companies in China, Russia, Ukraine, Kazakhstan and Romania.”
Comer mentioned the committee has realized all through its investigation that the Biden household and their enterprise associates introduced in greater than $24 million between 2014 and 2019 by “selling Joe Biden as ‘the brand’ around the world.”
James Biden is anticipated to be questioned on whether or not Joe Biden was concerned in the household’s international enterprise ventures.
James Biden can also be anticipated to be questioned on “loan repayment” checks — one for $200,000 and one other for $40,000 — that he wrote to the president.
Comer mentioned his panel had uncovered proof that the president, in 2018, obtained a “$200,000 direct payment” in the type of a “personal check” from James Biden and Sara Biden. That test was labeled “loan repayment.”
Comer mentioned that James Biden “received $600,000 in loans from Americore — a financially distressed and failing rural hospital operator.”
“On March 1, 2018, Americore wired a $200,000 loan into James and Sara Biden’s personal bank account — not their business bank account,” he continued. “And then, on the very same day, James Biden wrote a $200,000 check from this same personal bank account to Joe Biden.”
President Joe Biden speaks throughout the United Auto Workers union convention on the Marriott Marquis in Washington, DC, on January 24, 2024. (SAUL LOEB/AFP through Getty Images)
Comer mentioned James Biden “wrote this check to Joe Biden as a ‘loan repayment.’”
“Americore — a distressed company — loaned money to James Biden, who then sent it to Joe Biden,” Comer mentioned.
The White House mentioned the committee discovered that as a personal citizen, the president loaned his brother his personal cash when his brother wanted it, and after reviewing financial institution information, there’s a report that he was repaid.
Comer additionally mentioned the president obtained one other $40,000 “loan repayment” from James Biden, which the chairman described as “laundered China money.”
COMER RAISES QUESTIONS ABOUT $200K ‘DIRECT PAYMENT’ FROM JAMES BIDEN TO JOE BIDEN IN 2018
Comer mentioned the “money trail” started in July 2017 when Hunter Biden demanded a $10 million fee from a CEFC affiliate. In a WhatsApp message, he claimed “he was sitting with his father and that the Biden network would turn on his associate if he didn’t pony up the money,” Comer defined.
Hunter Biden in the WhatsApp message allegedly informed a Chinese enterprise affiliate from Chinese power firm CEFC that he and his father would guarantee “you will regret not following my direction.”
Hunter requested the $10 million wire for his joint-venture with CEFC referred to as SinoHawk Holdings.
US President Joe Biden sits in the golf cart whereas {golfing} at Joint Base Andrews in Maryland on June 4, 2023. Biden is {golfing} together with his brother James Biden. (JIM WATSON/AFP through Getty Images)
“I am sitting here with my father, and we would like to understand why the commitment made has not been fulfilled,” Hunter Biden informed Henry Zhao, the director of Chinese asset administration agency Harvest Fund Management. “And, Z, if I get a call or text from anyone involved in this other than you, Zhang or the chairman, I will make certain that between the man sitting next to me and every person he knows and my ability to forever hold a grudge that you will regret not following my direction.”
Zhao responded, in half, “CEFC is willing to cooperate with the family.”
Comer, citing financial institution information he and his committee have obtained, mentioned that on Aug. 8, 2017, the $5 million in funds have been despatched to Hudson West III, a joint-venture established by Hunter Biden and CEFC affiliate Gongwen Dong. The identical day, Hudson West III despatched $400,000 to Owasco, P.C.— a separate entity managed and owned by Hunter Biden, Comer mentioned.
Days later, on Aug. 14, 2017, Hunter Biden wired $150,000 to Lion Hall Group, an organization owned by James Biden and his spouse Sara Biden. By Aug. 28, 2017, Comer mentioned Sara Biden withdrew $50,000 in money from Lion Hall Group and later deposited it into her and James Biden’s private checking account.
Chairman James Comer, R-Ky., arrives for the House Oversight and Accountability Committee listening to titled “Unsuitable Litigation: Oversight of Third-Party Litigation Funding” in Rayburn Building on Wednesday, September 13, 2023. (Tom Williams/CQ-Roll Call, Inc through Getty Images)
“A few days later, Sara Biden cut a check to Joe Biden for $40,000,” Comer mentioned, referring to the Sept. 3, 2017, test his committee obtained. “The memo line of the check said, ‘loan repayment.’”
James Biden’s anticipated testimony comes days after his former enterprise affiliate Tony Bobulinski testified earlier than the committee, telling congressional investigators that Joe Biden was concerned in the household’s enterprise ventures, and testifying that he personally met with him.
Days earlier than Bobulinski’s testimony, one other former enterprise affiliate, Rob Walker, testified that Joe Biden met with the chairman of the Chinese power agency his brother and son did enterprise with.
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After Walker’s testimony, the House Oversight Committee mentioned it was in a position to “now confirm Joe Biden met with nearly every foreign national who funneled money to his son.”
Meanwhile, the president, final week, referred to as for the House impeachment inquiry to be dropped, calling it “an outrageous effort from the beginning.”
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