Republican Sen. Ron Johnson said President Joe Biden should consider it a wake-up call that a Chinese-American bank has turned over records allegedly showing millions of dollars being transferred to President Joe Biden’s family from Chinese companies.
“In my mind, it’s the Chinese government telling Joe Biden, ‘We got the goods on you, buddy, and we’re willing to dish it up,’” Johnson said, according to the Washington Times.
Los Angeles-based Cathay Bank released the records after a request from Republican Sens. Ron Johnson and Charles Grassley. The records reportedly show large payments from a Chinese state-owned company flowing through Biden family accounts while Biden was running for his current presidency.
Some findings from the records, discovered in Grassley and Johnson’s joint investigation, have previously been disclosed by the lawmakers. Biden has denied any involvement, calling the story “not true,” as reported by Fox News.
Cathay Bank, the oldest Chinese-American bank in southern California, has denied any links to the Chinese government. In a statement, a spokesman for the bank, Ian Campbell, said the bank is cooperating with the ongoing Biden family investigation by the House Committee on Oversight and Accountability.
“Cathay Bank, a NASDAQ-listed, U.S. financial institution for over 60 years, has cooperated with the [committee’s] request for information. The bank intends to continue to cooperate with the committee,” Campbell said. “Cathay Bank was founded more than sixty years ago by a United States citizen, and serves American communities as a bank with over $20 billion in assets and more than 60 branches in 9 states. Cathay Bank is neither owned by nor affiliated with the Chinese government in any way.”
No other banks in America complied with Grassley and Johnson’s records requests, according to the Washington Times, though Bank of America has complied with other Biden-related requests. Johnson told the Washington Times he views Cathay Bank’s willingness to disclose the records as raising questions about Biden’s involvement in the business deals.
“We just requested the records, and no questions asked; they just turned them over to us,” Mr. Johnson said. “That’s not by accident.”