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House Committee on Oversight and Accountability Chairman Rep. James Comer released an email Wednesday from a bank money laundering investigator who raised concerns about “unusual” financial activity surrounding $5 million from a Chinese company. Notably, $40,000 of the $5 million landed in Joe Biden’s pocket.
The 2018 email subpoenaed by Comer details the bank investigator’s concerns over “the initial $5 million funding from Northern International Capital Holdings, a CEFC affiliated entity linked to the Chinese government, and the subsequent erratic payments to Hudson West III, Hunter Biden’s joint venture with a Chinese national, and Owasco, P.C, an entity owned by Hunter Biden,” the Oversight Committee wrote in a statement.
The bank investigator detailed how Hudson West III, which was not involved in any investment projects at the time, was paying millions of dollars to Owasco, P.C., even though Owasco was not providing the company any services. The bank investigator also suggested that this could be an example of “China targeting the children of politicians” and purchasing “political influence through ‘sweetheart deals.’”
“The bank investigator was so concerned about Hunter Biden’s financial transactions with the Chinese company, he wanted to re-evaluate the bank’s relationship with the customer,” said Comer.
Bank Email by The Federalist
According to the Oversight Committee, the funds flagged by the investigator that in part went directly to Joe Biden from the account of his brother, James Biden, and his sister-in-law, Sara Biden, are
