US lawmakers have recently obtained bank records that reveal that President Joe Biden’s personal residence in Delaware was listed as the beneficiary address on two transfers that his son, Hunter Biden, received from Chinese nationals in the summer of 2019. The payments to Hunter Biden amounted to $260,000, with a significant portion coming from Chinese Communist Party (CCP) official Jonathan Li. The Republican-controlled US House Oversight Committee announced these findings on Tuesday.
Of particular interest is the connection between President Biden and Li. The President had met Li when he served as the US Vice President and had even written college recommendation letters for Li’s children to help them gain admission to US universities in 2017.
House Oversight Committee Chairman, James Comer, emphasized the importance of the bank records as evidence, stating, “Bank records don’t lie, but President Joe Biden does.” He pointed out that President Biden had consistently denied that his family received money from China. Additionally, Comer highlighted that Hunter Biden was not living in his father’s home at the time he used it as the beneficiary address for the Chinese bank transfers.
Comer went on to express concern over the lack of transparency from the Biden family regarding their Chinese business dealings and the potential national security implications. He questioned what the Bidens did with the money received from Beijing and demanded accountability for the alleged corruption.
The revelations have triggered renewed scrutiny of the Biden family’s financial ties to China. Earlier this month, House Republicans launched an impeachment inquiry against President Biden, claiming that he oversaw a “culture of corruption.” The allegations of influence-peddling by the Biden family surfaced just weeks before the 2020 presidential election but were swiftly dismissed as “Russian disinformation” by legacy media outlets and censored by social media platforms.
The investigation also sheds light on Jonathan Li, a prominent Chinese investment banker who played a role in the country’s private equity industry. Li previously hosted a meeting with then-Vice President Joe Biden in 2013 during his visit to Beijing. Hunter Biden accompanied his father on the trip and reportedly helped facilitate the meeting with Li. Soon after the visit, a business license was issued for a new investment fund led by Li, with Hunter Biden listed as a member of the board of directors.
Hunter Biden’s lawyer, Abbe Lowell, insists that the 2019 bank transfers were a result of loans taken out against his client’s investments in the Chinese fund, BHR Partners. Additionally, Lowell explained that Hunter Biden used his father’s address because it was listed on his driver’s license at the time.
The release of these bank records has further fueled the ongoing controversy surrounding the Biden family and their ties to China. Republicans argue that more detailed explanations are necessary to address the concerns raised by these financial transactions. Thus far, President Biden and his family have yet to provide satisfactory answers regarding their financial dealings with China.
As the impeachment inquiry proceeds, many Americans are demanding accountability and transparency from President Biden and his family. The alleged abuse of public office for personal financial gain raises serious questions about national security and the integrity of the President and his administration. The full extent of the Biden family’s involvement with China continues to be a subject of scrutiny and debate.