More than $1 million flowed to multiple family members of President Joe Biden after an associate received a $3 million wire from a Chinese energy company, according to a new House Oversight Committee memo released Thursday.
Over three months in 2017, a total of over $1.06 million was transferred to accounts associated with Joe Biden’s son, Hunter; the president’s brother, James; and Hallie Biden, widow of Joe Biden’s late son Beau, according to financial records obtained by subpoena.
A fourth account identified only as “Biden” received at least $70,000, according to the records.
The transfers came in multiple installments after Chinese energy company, State Energy HK Limited, wired $3 million to an account belonging to Biden family associate John Walker, according to the report. That account wired funds to the Biden family accounts.
“It is unclear what services were provided by the Biden family to obtain this exorbitant amount of China cash,” said Rep. James Comer (R-TN), chairman of the Oversight Committee.
The Walker account also sent nearly the same total amount to a company associated with one of Hunter Biden’s business partners, James Gilliar, the report stated.
Previously in 2015, while Joe Biden was still vice president, the Walker account had also sent $59,900 to both Gilliar’s company and a “Robert Biden” account. Hunter Biden’s real first name is Robert.
Those two $59,900 payments came after the Walker account received a wire from an unknown overseas account, according to the report.
The new information on these payments comes as the Oversight Committee pursues a sprawling investigation of the Biden family’s foreign business dealings. The investigation aims to find whether any deals “occurred at the expense of American interests and whether they represent a national security threat,” according to its webpage.
The committee stated in its memo that it intends to strengthen reporting requirements for foreign transactions involving family members of senior elected officials.