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03.29.2022
Sens 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.
Snip.....long read
Oh, one more tidbit. In a recently uncovered audio extracted from his laptop, Hunter Biden referred to Patrick Ho as the “[expletive deleted] spy chief of China.”
This quote alone tells you that Hunter Biden knew exactly who he was dealing with. He was dealing with the expletive deleted spy chief of China. And that fact should alert the media and our Democrat colleagues to seriously consider the implications the Biden family’s vast web of foreign financial entanglements have in the conduct of this administration’s foreign policy and our national security.
In October 2020, Senator Grassley and I requested to interview Hunter and James Biden about their financial dealings. If they had nothing to hide they could have volunteered to come in and sit for an interview. If there was an innocent explanation for their foreign financial transactions, they could have used that interview to clarify what those transactions were about.
Unfortunately, rather than be transparent and forthcoming, they declined to speak to us. Their silence speaks volumes.
Fortunately, facts are stubborn things. As the Bidens, our Democrat colleagues, and the media is learning, it is difficult to keep them hidden forever. Senator Grassley and I will continue to investigate the Biden family’s foreign financial entanglements and provide the American people with the truth to the best of our abilities.
Our challenge is that the deep state does not give up its secrets easily. New evidence of Biden family influence peddling is surfacing on a regular basis – often coming from records from Hunter Biden’s laptop. The same laptop that the media and deep state former intelligence agencies officials inferred was, you guessed it, Russian disinformation.
But it wasn’t Russian disinformation. Nor is any of the information we presented in our reports and here on the floor of the Senate.
We may never know all the details of the Biden family foreign entanglements, or the full extent to which those entanglements compromise our current President. But I’m pretty confident I know who does know – intelligence operatives in Russia, China, Iran, and North Korea. Elements within U.S. intelligence agencies probably also know, they’re just not going to tell us.
Senator Grassley and I will return for a final speech on the Biden family’s foreign financial entanglements.
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
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