James Biden, the brother of President Joe Biden, stated during the impeachment inquiry on Wednesday that Joe Biden “never had any involvement or any direct or indirect financial interest” in his business ventures.
The allegation arises as House Oversight Committee Chair James Comer (R-KY), a former member of a bank board, revealed in October that a $200,000 check from Americore, a company accused of Medicare fraud, was deposited into Joe Biden’s bank account through James Biden.
James Biden refuted the notion that the check stemmed from a prior business arrangement, asserting instead that the funds represented repayment for a loan Joe Biden had extended to him.
Comer subsequently sought any purported “loan documents” that might have been executed by the Biden brothers, yet the White House obstructed the inquiry.
James Biden, pushing back against Comer’s conclusions, seemingly disclosed excerpts of his opening statement to mainstream media reporters:
1. I have had a 50-year career in a variety of business ventures. Joe Biden has never had any involvement or any direct or indirect financial interest in those activities. None.
2. Because of my intimate knowledge of my brother’s personal integrity and character, as well as my own strong ethics, I have always kept my professional life separate from our close personal relationship.
3. I never asked my brother to take any official action on behalf of me, my business associates, or anyone else.
In September, Comer issued subpoenas to James Biden’s companies, Lion Hall Group and JBBSR, Inc. The subpoenas seemed aimed at acquiring records related to Joe Biden’s corporation, “CelticCapri Corp,” which reportedly received close to $10 million in 2017 without detailing specific revenue sources.
James Biden, who is the younger brother of Joe Biden and the uncle of Hunter Biden, was involved in business ventures alongside Hunter. One such partnership was with CEFC China Energy Co., an entity closely associated with the Chinese Communist Party (CCP).
In March, the committee uncovered through Suspicious Activity Reports (SARs) that Biden associate Rob Walker received a $3 million wire transfer from CEFC.
Subsequently, four members of the Biden family—Hunter, James, Hallie, and an individual simply identified as “Biden”—received a combined $1.3 million share from this $3 million transfer.
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