Biden associate received a $3 million wire transfer from a Chinese energy company two months into the end of his term as vice president and family members received thousands in payments, top Republican says there is a trove of bank documents .
- Oversight Chairman James Comer revealed he received suspicious activity reports from Biden family accounts
- It included a $3 million payment to a Biden associate from a Chinese company
- Comer says Treasury only turned over the materials after threats from a transcribed interview with a department official.
A Chinese energy company sent a $3 million electronic payment to a company owned by a Biden associate, the powerful Oversight Committee can now reveal after the Treasury Department turned in suspicious activity reports involving the First Family. .
Supervisory chairman James Comer said in a statement provided to DailyMail.com that his panel will use newly obtained bank documents to “follow the money trail” and determine whether President Joe Biden was compromised.
The new Republican leadership on the Oversight panel has been seeking bank documents and suspicious activity reports related to the president and his family from the Treasury Department for two months, and Secretary Janet Yellen finally delivered the requested material.
It comes after Democratic ranking member Jamie Raskin revealed in a searing letter Sunday that Republicans on the panel subpoenaed a Hunter Biden associate seeking years-old financial information.
Oversight Committee Chairman James Comer revealed Tuesday morning that the panel received a large amount of financial materials and suspicious activity reports from Biden family accounts.
It comes two months after the panel pressed the Treasury Department and its secretary Janet Yellen over the materials, and following a call from Comer for a transcribed interview with a Treasury official.
The massive electronic payment made just months after Biden completed his term as vice president went to John R. Walker’s company. Walker is alleged to have “formed a joint venture with executives from CEFC China,” which Raskin says is a “now-bankrupt Chinese energy conglomerate.”
“After two months of dragging our feet, the Treasury Department is finally providing us with access to suspicious activity reports for the business transactions of the Biden family and associates,” Comer wrote in his statement regarding the newly obtained information.
“Based on bank documents we have already obtained, we know that a company owned by a Biden associate received a $3 million dollar transfer from a Chinese energy company two months after Joe Biden left the vice presidency,” he detailed. “Shortly thereafter, hundreds of thousands of dollars in payments went to members of the Biden family.”
Comer said Secretary Yellen only agreed to turn over the materials after she threatened to hold a hearing on the matter and make a transcript of the interview.
“For more than 20 years, Congress had access to these reports, but the Biden Administration changed the rules out of the blue to restrict our oversight ability,” the Kentucky lawmaker alleged.
Raskin accused Comer of carrying out a “political raid” that sought to “intrude” on Walker’s private details through the broad subpoena. He says a trio of subpoenas seeks “all financial records” of three people over a “staggering period of 14 years.”
It appears the ranking member was made aware of the subpoena by the majority, but rebuked Comer in his letter for overlooking the usual 48-hour notice period.
He also accused Comer of prying into the private details of Walker, who was involved in a joint venture with Chinese firm CEFC Energy.
Comer has portrayed the connections between the Biden family and CEFC as a web of entanglements that benefit the president and his family members.
“We will continue to use bank documents and suspicious activity reports to follow the money trail and determine the extent of the Biden family’s business schemes, whether Joe Biden is compromised by these deals, and whether there is a threat to national security.” , Eat. wrote.
He added: “If Treasury attempts to obstruct our investigation again, we will continue to use the tools at our disposal to enforce compliance.”
A report found a $3 million wire transfer from a Chinese energy company to a company owned by a Biden associate just two months after President Joe Biden completed his term as vice president.
Comer initially wrote to Yellen on January 11, 2023, asking Treasury to turn over information about business transactions that were flagged by US banks involving the Biden family and their associates.
More than a month later, on February 24, Comer sent a further letter describing the department’s lack of cooperation, and then last week, on March 7, he called a Treasury official to report to a transcribed interview and explain why the requested information was not provided.
Only after that call were the materials and access to the chamber provided to Comer and the Republicans on the panel.
The Oversight Committee’s transcribed interview with Jonathan Davidson, Assistant Secretary for Legislative Affairs, is postponed, according to the panel’s statement Tuesday morning.