A top House Republican is demanding Treasury Secretary Janet Yellen release information about Hunter Biden’s questionable foreign business dealings, while accusing the Biden administration of stonewalling Republicans.
Biden has been under federal investigation since 2018 for his tax dealings through questionable foreign transactions, and President Joe Biden has repeatedly denied discussing Hunter’s business dealings with him.
Rep. James Comer, R-Ky., who serves as the ranking member on the House Oversight Committee, wrote a letter to Yellen on Wednesday seeking details about shady business dealings conducted by Hunter Biden, his associates and other Biden family members. Flagged and reported by US banks.
Comer previously contacted Yellen in late May with a similar request for the banks’ reports, which he said went unanswered.
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“On May 25, 2022, I wrote to you requesting information regarding the financial transactions of Hunter Biden and other Biden associates and family members flagged by US banks for reporting to the Financial Crimes Enforcement Network (FinCEN) through Suspicious Activity Reports (SARs).” States Comer.
“The Biden administration is restricting Congress’ access to SARs, and committee Republicans are investigating whether this change in long-term policy was motivated by efforts to shield Hunter Biden and potential President Biden from scrutiny,” Comer continued, adding that the secretary was noncommittal. June 8 is the last date for information.
Camer also accused the administration of obstructing congressional oversight, citing a Wall Street Journal story that it said contained false information — that the Treasury made SARs available to Republican staffers requested.
“It is troubling that the Biden administration is willing to feed a false narrative to the media to create the appearance of transparency while continuing to block congressional oversight,” Comer fired back in the letter.
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The letter continued: “Treasury’s actions call for an investigation and raise new questions about the degree to which the Biden administration is using the federal government to protect the Biden family and its associates … The American people deserve to know whether the president has ties to him. The son’s business deals have harmed the interests of the United States and are national represent a security threat.”
Hunter Biden’s longtime business partner Eric Schwerin visited the White House at least 27 times while President Biden was serving as former President Barack Obama’s vice president, Fox News Digital reported.
In addition, the private equity firm of Hunter Biden and Schwerin has a financial stake in a company run by a Chinese executive, Francis “Fran” Person, a longtime Biden aide and ties to some of the highest-ranking officials in the Communist Party of China. .
As a result, on behalf of the Oversight Committee, Comer sent letters in May to certain US and foreign banks seeking information on whether the Biden family had “sold access” to the top echelons of government to enemies of the United States.
A Comer aide told Fox News Digital that the committee has yet to receive any responses from the banks, which have said they cannot comply without a subpoena.
Fox News first reported in December 2020 that Hunter Biden was a subject/target of a grand jury investigation, a well-placed government source told Fox News. According to the source, “target” means that there is a “high probability that the person has committed the crime,” while “subject” means that someone you “don’t know for sure” has committed the crime.
A source familiar with the investigation said the SARs were related to funds from “China and other foreign countries”.
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The Treasury Department did not immediately respond to a request for comment on Wednesday.
Fox News’ Brooke Singhman, Cameron Cawthorne and Joe Skafstall contributed to this report.