Senators release Hunter Biden’s China-linked bank records

by Chris Lange

Chris Lange, FISM News


Republican Sens. Chuck Grassley (R-Iowa) and Ron Johnson (R-Wis.) exerted more pressure on the federal prosecutor investigating Hunter Biden by sending him over 200 pages of bank records related to the Biden family’s business dealings in China.

The documents, made public on Wednesday, were obtained through the course of the Senators’ probe into Hunter Biden’s business dealings and show millions of dollars in transactions between Hunter Biden and firms linked to the Chinese Communist Party.

“Today, in light of your and DOJ’s failure to respond to our legitimate congressional oversight requests and as part of our ongoing congressional investigation, we are transmitting to you over two hundred pages of records relating to the Biden family’s connections to the Chinese regime and persons connected to its military and intelligence elements,” the Senators wrote in a letter to Delaware U.S. Attorney David Weiss, who is leading the federal investigation into the president’s son. The letter was obtained exclusively by Fox News.

Senators Grassley and Johnson indicated that the documents “include over one hundred pages of unredacted and previously unreleased bank records” they obtained from Cathay Bank, a U.S. bank founded by Chinese Americans, through the course of their two-year probe into Hunter Biden’s foreign business dealings.

These, along with previously released records, show transactions between Hunter Biden-linked business entities and Chinese energy firm CEFC, which reportedly had ties to the Chinese Communist Party, according to the two lawmakers.

“If you are conducting a full and complete investigation, you should already possess these records. In the case that you are not and do not possess these records, we suggest that you review them in detail,” they wrote.

The senators said that the bank records showed that between August 2017 and October 2018, $6 million was transferred to Hudson West III, a company allegedly set up by Hunter Biden. Of that sum, $5 million came from Northern International Capital, a CEFC affiliate, and $1 million was transferred directly from CEFC.

They go on to state that $4.8 million from those funds was transferred from Hudson West III to other Biden companies, including Owasco P.C. and Owasco LLC, and also to the Lion Hall Group, a company associated with President Biden’s brother James.

Grassley and Johnson said the records also reveal that Hunter and James Biden, along with James’s wife Sara, embarked on a “spending spree” following the payout through a line of credit that had been opened

“We are also providing bank records showing that credit cards were collateralized by a $99,000 preauthorized withdrawal from Hudson West III,” Grassley and Johnson write, noting that the records show that the money was spent on items such as airline tickets, Apple store purchases, restaurants, and hotels.

The letter also references two separate $3 million wire transfers sent to another Hunter Biden-linked company called Robinson Walker LLC by CEFC affiliate State Energy HK Limited, the purpose of which the senators said, “is unclear.”

Some of the transactions detailed in the bank records were previously revealed in Grassley and Johnson’s 2020 reports, which the lawmakers said exposed the Biden family’s “extensive links to foreign governments and questionable foreign nationals posed counterintelligence and extortion concerns.”

Grassley and Johnson have been sounding the alarm on these business transactions with Chinese Communist Party-linked associates CEFC Chairman Ye Jiangming and Gongwen Dong, which “resulted in millions of dollars in questionable transactions.”

The senators also said the documents establish that “CEFC began working to establish ties with the Biden family as early as 2015,” when Joe Biden was serving as the U.S. vice president.

The letter comes as federal investigators are weighing a decision on whether to charge Hunter Biden with various tax and foreign lobbying violations and gun-related charges. 

This article was partially informed by a New York Post report.