Senate Republicans dropped a big report on the business dealing involving Hunter Biden on Wednesday and it’s chock full of damaging information.
If this had come out earlier, some are postulating, Joe Biden might not have won the nomination. What this showed was very troubling.
My colleague Bonchie has already touched briefly on some of the highlights. He also reported on how Hunter Biden had been paid millions by the wife of the ex-Moscow Mayor and that there was also an alleged tie to human trafficking.
Grassley/Johnson rpt says Hunter Biden “paid nonresident women who were nationals of Russia or other Eastern European countries and who appear to be linked to an Eastern European prostitution or human trafficking ring.”
— Chad Pergram (@ChadPergram) September 23, 2020
But I wanted to highlight another disturbing aspect of the report, especially in light of current events.
People have focused a lot on Hunter’s activities dealing with Ukraine and Burisma.
But as the report explained there were a lot of questionable dealings with millions from with politically-connected foreign officials including Russians, Chinese and Kazakh nationals.
This included dealings with Chinese officials connect to the Communist government and the People’s Liberation Army.
From The Federalist:
These connections, investigators wrote, include Ye Jianming, the founder of CEFC China Energy Co. Ltd (CEFC), and his associate, Gongwen Dong, who reportedly carried out transactions for Jianming’s companies. Ye, the report noted, who formerly held positions with the People’s Liberation Army, also possessed financial connections to former Vice President Joe Biden’s brother, James Biden.
For years, according to the Senate report, Hunter Biden leveraged his vast network of connections to ultimately create the investment firm Bohai Harvest RST (Shanghai) Equity Investment Fund Management Co. (BHR), which prioritized investing Chinese capital in overseas projects. The financial group received its approval for a Chinese business license after a series of meetings arranged by Hunter Biden on a government 2013 government trip to China with his vice president father, both flying aboard Air Force Two.
The firm, according to the Wall Street Journal, “is controlled and funded primarily by large Chinese government-owned shareholders” and channeled at least $2.5 billion into automotive, energy, mining, and technology deals on behalf of these investors.
“BHR’s extensive connections to Chinese government intertwined its existence with the decision-making of Communist party leaders,” wrote investigators in the Senate report, highlighting the presence of a consortium that includes the China Development Bank tied to Ye, which controls 30 percent of BHR as an example.
Hunter helped Ye execute a $40 million investment for a natural gas project in Louisiana that ultimately didn’t work out.
Hunter Biden and Gongwen Dong, the Chinese national who has reportedly executed transactions for limited liability companies controlled by Ye Jianming, applied to a bank and opened a line of credit under the name Hudson West III in 2017. Hunter, James Biden and James Biden’s wife, Sara Biden, were all authorized users of credit cards associated with the account, according to investigators.
Thereafter, the Bidens then went on a more than $100,000 shopping spree purchasing extravagant items that included airplane tickets and high-tech products from Apple. The Senate investigators said that the transaction was flagged for potential financial criminal activity.
Given that Joe Biden was the point man with China for at least some of the time of Hunter’s connections with the Chinese nationals, this screams conflict. It also raises a lot of questions as to Joe Biden’s ability now to stand up to China, particularly given the cover-up they engineered over the Wuhan coronavirus.