New bank records obtained by the House Oversight Committee purportedly show a complicated series of money transfers that ultimately resulted in President Biden receiving $40,000 that originated with a Chinese company affiliated with CEFC China Energy.
Biden received a $40,000 personal check from an account shared by his brother, James Biden, and sister-in-law, Sara Biden, in September 2017 — money that was marked as a “loan repayment.” The alleged repayment was sent after funds filtered from Northern International Capital, a Chinese company affiliated with CEFC, through several accounts related to Hunter Biden and eventually down to the personal account shared by James and Sara Biden.
The committee says the series of payments establish a direct benefit Biden received from his family’s business dealings, despite Biden’s claims that he has not been involved.
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