03.29.2022
Grassley, Johnson Release Bank Records Tying Biden Family To CCP-Linked Individuals & Companies
Prepared Floor Statement by Senator Chuck Grassley of Iowa
United States Senate
The Biden Family Investigation – Part 2
March 29, 2022
VIDEO
Yesterday, Senator Johnson and discussed our joint investigation into the Biden family’s foreign financial entanglements. We reviewed much of our earlier work, and provided a brief preview of new material.
Today, we will give our second speech in our Biden Investigation series.
Once again, we’re going to make public and describe new financial records relating to Hunter Biden and his connections to the communist Chinese government.
Most of that focus will be on his connections to CEFC, a company that’s effectively an arm of the Chinese Government.
But first, we must go back to 2015.
At that time, Hunter Biden served on the board of Burisma and was paid tens of thousands of dollars each month. Its owner was a corrupt Russia-aligned Ukrainian oligarch. But, that’s not all that Hunter Biden was up to.
In that year, CEFC International announced an agreement with Northern International Capital Holdings.
Northern International is incorporated in China. It’s involved in the energy sector.
One of Ye Jianming’s companies was the majority shareholder for CEFC International.
Northern International purchased $123 million worth of CEFC’s shares binding the two companies together.
We must also mention Hudson West Three and its financial connections to CEFC.
Hunter Biden was an investor and a manager for Hudson West Three. He was tasked with advancing its interests.
Hudson West Three also involved Chinese nationals connected to the communist regime, such as Gongwen Dong, whom I talked about yesterday.
Now, let’s look at this first poster. And I should note that Senator Johnson and I will make these documents public in full. We’re providing snapshots for these speeches.
Here, we have one portion of an LLC Agreement from a bank. It shows the companies that have bound themselves together: Hudson West Five, Hudson West Three and Owasco, Hunter Biden’s firm.
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Now, let’s turn to the second poster. The paragraph at the top shows the purpose for which the LLC Agreement exists.
So, what this tells us is that Hunter Biden and James Biden linked up with companies connected to the communist regime to assist them with finding projects for global and domestic infrastructure and energy.
And as we know from my and Senator Johnson’s report from last Congress, some energy project explorations between the Biden Family and China were here in the United States.
One example is a multi-million-dollar natural gas project in Louisiana.
Let’s move to the next paragraph at the bottom, which defines the word “Affiliate” in the Agreement.
“For the avoidance of doubt, CEFC China Energy Company Limited or any of its Affiliates shall be deemed as an Affiliate of Hudson.”
Accordingly, this Agreement between Hunter Biden’s firm and Hudson West Three and Five directly connects Hunter Biden to CEFC.
So, was this agreement executed?
Let’s look at this third poster, which contains a signature block executing the agreement.
Here you see Hunter Biden’s signature with Gongwen Dong. As previously noted, Gongwen was an associate of Ye Jianming. Both men were connected to the communist regime including its military elements.
Notably, Hunter Biden worked for Ye Jianming to get him involved in the natural gas project in Louisiana. It eventually fell through.
Now, let’s bring up a fourth poster labeled a Joinder Agreement relating to the LLC Agreement.
Again, Hunter Biden is signing with Gongwen Dong with respect to the LLC Agreement.
Accordingly, we can now conclude the following: Hunter Biden was financially connected to CEFC, a company that was an arm of the communist Chinese regime, for the purpose of advancing its energy interests.
This Agreement shows two additional findings: First, Hunter Biden’s responsibility to advance Hudson West Three’s interests as of August 2, 2017. Second, Hunter Biden’s close association with Hudson West Three, CEFC and its affiliates as of August 2, 2017.
That date is important, as you’ll soon see.
This wire is to Wells Fargo Clearing Services.
Snip long read
Now look at the bottom of this poster. Senator Johnson and I have acquired more than just the bank statement. We’ve acquired underlying wire data. Look at the fourth line from the bottom.
“Further credit to Owasco PC.” The underlying wire data shows that it went to Owasco, Hunter Biden’s firm.
Senator Johnson and I have years of bank records that show multiple one hundred and $65,000 wire transfers from Hudson West Three to Owasco.
snip....long read
Until then, I yield the floor.
*****
Related Files:
CEFC - Subscription Announcement 10 August 2015
Hudson West III LLC Agreement
$5 million bank statement
$5 million wire record
$165,000 bank statement
$165,000 wire transfer
CEFC Limited 1 Million to HW III (statement)
CEFC Limited 1 Million to HW III (wire)
March 2018 bank statement with $1 million wire
March 22, 2018, wire for 1 million
“”””””””””””””””””””””””””””””””””
Joe and Hunter shared a joint bank account while Joe was VP (and possibly even today, who knows?).
They payed each others bills out of the account. Hunter wrote checks for Joe’s mortgage and utility bills.
U.S banks filed over 100 Suspicious Activity Reports - SARs with the U.S. Treasury - about financial transactions by Hunter Biden, and even some on other (unspecified) members of the Biden family.
But...Nothing to see here folks, move along.
The HUNTER BIDEN REPORT -
U.S. SENATE RELEASES SCATHING REPORT
AGAINST BIDEN GRIFTER FAMILY CORRUPTION
“The records acquired by the Committees show that Hunter Biden and his family were involved in a vast financial network that connected them to foreign nationals and foreign governments across the globe.”
“Hunter Biden and Archer, in particular, formed significant and consistent financial relationships with the corrupt oligarch Mykola Zlochevsky during their time working for Burisma and their firms made millions of dollars from that association while Joe Biden was vice president and the public face of the Obama administration’s Ukraine policy.”
Posted on 10/30/2020, 2:39:01 PM by Enlightened1
HunterBiden, Burisma, and Corruption: The Impact on U.S.Government Policy and Related Concerns
U.S. Senate Committee on Homeland Security and Governmental Affairs
U.S. Senate Committee on Finance Majority Staff Report
https://www.hsgac.senate.gov/imo/media/doc/HSGAC_Finance_Report_FINAL.pdf
TABLE OF CONTENTS
I. EXECUTIVE SUMMARY
II. INTRODUCTION
III. CONFLICTS OF INTEREST
IV. THE VICE PRESIDENT’S OFFICE AND STATE DEPARTMENT OFFICIALS WERE AWARE OF BUT IGNORED CONCERNS RELATING TO HUNTER BIDEN’S ROLE ON BURISMA’S BOARD.
V. SECRETARY OF STATE JOHN KERRY FALSELY CLAIMED HE HAD NO KNOWLEDGE ABOUT HUNTER BIDEN’S ROLE ON BURISMA’S BOARD.
VI. STATE DEPARTMENT OFFICIALS VIEWED MYKOLAZLOCHEVSKY AS A CORRUPT, “ODIOUS OLIGARCH,” BUT VICE PRESIDENT BIDEN WAS ADVISED NOT TO ACCUSE ZLOCHEVSKY OF CORRUPTION.
VII. WHILEHUNTER BIDEN SERVED ON BURISMA’S BOARD, BURISMA’S OWNER, ZLOCHEVSKY, ALLEGEDLY PAID A $7 MILLION BRIBE TO UKRAINE’S PROSECUTOR GENERAL’S OFFICE TO CLOSE THE CASE.
VIII. HUNTER BIDEN: A SECRET SERVICE PROTECTEE WHILE ON BURISMA’S BOARD.
IX. OBAMA ADMINISTRATION OFFICIALS AND A DEMOCRAT LOBBYING FIRM HAD CONSISTENT AND SIGNIFICANT CONTACT WITH FORMER UKRAINIAN OFFICIAL ANDRII TELIZHENKO.
X. THE MINORITY FALSELY ACCUSED THE CHAIRMEN OF ENGAGING IN A RUSSIAN DISINFORMATION CAMPAIGN AND USED OTHER TACTICS TO INTERFERE IN THE INVESTIGATION.
XI. HUNTER BIDEN’S AND HIS FAMILY’S FINANCIAL TRANSACTIONS WITH UKRAINIAN, RUSSIAN, KAZAKH AND CHINESE NATIONALS RAISE CRIMINAL CONCERNS AND EXTORTION THREATS.
XII. CONCLUSION