CBS News senior investigative correspondent Catherine Herridge reported on Wednesday that “more than 150 transactions involving either Hunter or James Biden’s global business affairs were flagged as concerning by U.S. banks for further review”.
“Some of those concerns involved large wire transfers”, Herridge explained after speaking with Senator Chuck Grassley (R-IA), the ranking Republican on the Judiciary Committee, who released bank records this week from James Biden’s company, directly from the bank where the consulting group did business.
Senator Grassley has spent three years investigating and described James and Hunter Biden’s business dealings as “very concerning.”
Bank records released by Republican senators this week indicate James Biden’s company, the Lion Hall Group, received payments from a Chinese-financed consulting group in 2018, before his brother Joe announced he was running for president. Grassley says that same year James Biden and the president’s son, Hunter, received monthly retainers totaling $165,000 — $100,000 to Hunter and $65,000 to James, CBS News reported.
“We have people with the Biden name, dealing with Chinese business people that have a relationship to the Communist Party,” Senator Grassley told Herridge. “I think James Biden was very much a part of this.”
In a September 2020 report with Senator Ron Johnson, Republican of Wisconsin, Grassley alleged Hunter, James, and James’s wife Sara tapped into a line of credit Hunter set up with a Chinese business executive to purchase more than $100,000 in airline tickets, hotels and restaurants. Newly released records from Republican investigators show what appears to be the 2017 application for that $99,000 line of credit bearing the signatures of Hunter Biden and the Chinese executive, per CBS News. Video Below
Catherine Herridge reports:
CBS News has learned that +150 transactions involving either Hunter or James Biden’s global business affairs were flagged as concerning by U.S. banks for further review. @ChuckGrassley spoke exclusively @CBS_Herridge about newly public bank records. pic.twitter.com/N31x5XtbZ5
— Catherine Herridge (@CBS_Herridge) April 6, 2022
Joe Biden has claimed he was not involved in the business dealings of his son and brother, and there has been no evidence yet that has emerged to refute this. “I have not taken a penny from any foreign source, ever, in my life,” Biden alleged in October 2020 at a presidential debate.
Federal officials have confirmed that Hunter Biden is the focus of an ongoing investigation out of the U.S. attorney’s office in Delaware. The probe is centered on tax and other financial issues. A 2019 federal subpoena obtained by CBS News shows the criminal probe in Delaware has sought Hunter and James Bidens’ bank records dating back to 2014, when Joe Biden was vice president, CBS News reported.
(Related: Herridge: The Federal Investigation into Hunter’s Business Practices ‘Is Broader than Previously Known’)
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