Biden associate got $3M transfer from Chinese company two months after end of VP term

A Chinese energy company sent a $3 million wire payment to a company owned by an associate of the Bidens, the powerful Oversight Committee can now reveal after the Treasury Department handed over suspicious activity reports related to the first family.

Oversight Chairman James Comer said in a statement provided to DailyMail.com that his panel will use newly obtained bank documents to ‘follow the money trail’ and determine if President Joe Biden was compromised.

The new GOP leadership on the Oversight panel has been seeking for two months bank documents and suspicious activity reports related to the president and his family from the Treasury Department – and Secretary Janet Yellen has finally turned over the requested material.

It comes after Democratic Ranking Member Jamie Raskin revealed in a blistering letter on Sunday that Republicans on the panel subpoenaed a Hunter Biden associate seeking years’ worth of financial information.

Oversight Committee Chairman James Comer revealed Tuesday morning that the panel received a trove of financial materials and suspicious activity reports from the Biden family’s accounts

It comes after two months of the panel pushing the Treasury Department and its Secretary Janet Yellen for the materials – and following a call from Comer for a transcribed interview of a Treasury official

The massive wire payment made just months after Biden completed his Vice Presidency term was to John R. Walker’s company. Walker is alleged to have ‘formed a joint venture with CEFC China executives,’ which Raskin said is a ‘now-bankrupt Chinese energy conglomerate.’

‘After two months of dragging their feet, the Treasury Department is finally providing us with access to the suspicious activity reports for the Biden family and their associates’ business transactions,’ Comer wrote in his statement on the newly obtained information.

‘According to bank documents we’ve already obtained, we know one company owned by a Biden associate received a $3 million dollar wire from a Chinese energy company two months after Joe Biden left the vice presidency,’ he detailed. ‘Soon after, hundreds of thousands of dollars in payouts went to members of the Biden family.’

Comer said that Secretary Yellen only agreed to turn over the materials after he threatened to hold a hearing on the matter and conduct a transcribed interview.

‘For over 20 years, Congress had access to these reports but the Biden Administration changed the rules out of the blue to restrict our ability to conduct oversight,’ the Kentucky lawmaker alleged.

Raskin accused Comer of conducting a ‘political dragnet’ seeking to ‘intrude’ on private details of Walker through the sweeping subpoena. He says that a trio of subpoenas seek ‘all financial records’ of three individuals over a ‘staggering 14-year period.’

It appears the ranking member learned about the subpoena from the majority, but he chastised Comer in his letter for brushing past a customary 48-hour notice period.

He also accused Comer of intruding into private details of Walker, who was involved in a joint venture with Chinese firm CEFC energy.

Comer has casted the connections between the Biden family and CEFC as a web of entanglements benefitting the president and his family members.

‘We are going to continue to use bank documents and suspicious activity reports to follow the money trail to determine the extent of the Biden family’s business schemes, if Joe Biden is compromised by these deals, and if there is a national security threat,’ Comer wrote.

He added: ‘If Treasury tries to stonewall our investigation again, we will continue to use tools at our disposal to compel compliance.’

One report found a $3 million wire transfer from a Chinese energy company to a company owned by a Biden associate just two months after President Joe Biden completed his vice presidential term

Comer initially wrote to Yellen on January 11, 2023 requesting Treasury turn over information regarding business transactions that were flagged by U.S. banks involving the Biden family and their associates.

More than a month later on February 24, Comer sent an additional letter outlining the lack of cooperation from the department – and then just last week on March 7, he called a Treasury official to appear for a transcribed interview and explain why the requested information was not provided.

Only after that call were the materials and camera access provided to Comer and Republicans on the panel.

The Oversight Committee’s transcribed interview with Jonathan Davidson, Assistant Secretary for Legislative Affairs, is postponed, according to the panel’s statement Tuesday morning.