Tag: Bank of China

Treasury Dept Flagged 93 Financial Transfers Between Biden Associates and a Chinese Investment Fund, Report Shows

Michigan Star Staff

Businesses and associates linked to the Biden family allegedly exchanged over $2 million in wire transfers with a Shanghai investment fund controlled by the Bank of China over a five year period, according to a Treasury Department document obtained by Republican members of the House Oversight Committee.

Biden-linked operatives allegedly exchanged $2,461,962.60 in total with the Shanghai firm through 93 wire transactions between 2014 and 2019, according to a Suspicious Activity Report (SAR) obtained by House Oversight Republicans, which also identified Hunter Biden as a “politically exposed person.” The revelation comes amid a House Oversight Committee investigation into the Biden family’s financial dealings.

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White House Refuses to Answer Questions About Hunter Biden’s Stake in Chinese Company

Michigan Star Staff

On Monday, White House Press Secretary Jen Psaki refused to answer lingering questions about whether or not Joe Biden’s son Hunter has sold his stake in a suspicious Chinese private equity firm, as reported by the New York Post.

It was reported back in April that Hunter’s company, Skaneateles LLC owned a 10 percent share of BHR Partners, a Chinese company which is controlled by the government-run Bank of China. In Monday’s press briefing, Newsmax White House Correspondent Emerald Robinson asked if Hunter’s company had finally sold that stake, to which Psaki said that she would “point you to his representatives on that. He doesn’t work in the administration.”

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