Reminder: Do Financial Questions Remain On The Bidens’ China, Ukraine & Iraq Connections?

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As reported by the Washington Examiner in November 2019, Hunter Biden, former Vice President Joe Biden’s son, worked for a company doing business in the Ukraine “that received over $130 million in federal bailout loans while his father Joe Biden was vice president and routed profits through a subsidiary in the Cayman Islands, according to federal banking and corporate records reviewed by the Washington Examiner.”

According to a New York Post article, there are troubling facts about Hunter Biden’s business dealings with China:

  1. Joe Biden met with Hunter’s Chinese partners days before they established a new investment firm.
  2. BHR is a multibillion-dollar enterprise.
  3. Hunter and his partners had prominent roles within the company.
  4. BHR represented a unique investment opportunity.
  5. BHR invested in strategically sensitive assets in both China and the United States.
  6. It wasn’t an isolated incident.

What is BHR? How are the Biden’s connected to BHR?

According to BHR’s website, “BHR, with its unique mixed ownership, combines the resources and platforms of China’s largest financial institutions … and the networks and know-how of our U.S.-based investment fund and advisory firm shareholders.”

In December 2013, Hunter landed in Beijing aboard Air Force Two, accompanying his father on an official visit to China. Less than two weeks later, Hunter’s company, Rosemont Seneca, became a partner in a new investment company backed by the state-owned Bank of China, according to the New York Post.

Representatives of the Biden family have denied any connection between the vice president’s visit and Hunter’s business. However, a BHR representative told The New Yorker earlier this year that Hunter used the opportunity to introduce his father to Chinese private equity executive Jonathan Li, who became CEO of BHR after the deal’s conclusion, per the article.

Other Questions Remaining

While there have been many opinion pieces and articles written defending the Biden’s financial connections to the Ukraine and China, there are also a number of outlets and publications still pursuing the Bidens’ financial ties and dealings:

Five Scandals That Would Threaten Joe Biden’s Presidency – PJ Media

Hunter Biden Still Listed As Board MemberOf Chinese Company He Promised to Quit In October , RedState, April 15, 2020

Biden Sold Out America to China While Working for Hollywood, FrontPageMag.com, 8 May 2020:

Biden’s brokering of the relationship between Hollywood and the Communist elite was more than financial, it was also cultural. Hollywood traded access for control, not just over what Chinese people saw, but what Americans were likely to see. Biden’s donors got richer and American movies were reduced to a bunch of CG cartoons with limited dialogue that had to win Communist approval.

Biden’s brokering of the relationship between Hollywood and the Communist elite was more than financial, it was also cultural. Hollywood traded access for control, not just over what Chinese people saw, but what Americans were likely to see. Biden’s donors got richer and American movies were reduced to a bunch of CG cartoons with limited dialogue that had to win Communist approval.

And it wasn’t just Hollywood.

$1.5B Contract In Iraq For Biden’s Little Brother Exposes Obama Ahead Of Debate, Washington Examiner

The Ties That Biden, Fox News, Charlie Gasparino, 22 October 2012:

“Since November 2010, James Biden has been the executive vice president of Hill International’s housing subsidiary despite little if any documented work history in residential construction. And if the company’s projections are accurate, both Hill and Biden are on the verge of a huge payday, beneficiaries, some analysts believe, of James Biden’s connections to the Obama Administration through his older brother.”

Indeed, the Iraq project may be the most lucrative single development in Hill’s history. Since 2011, Hill, located in Marlton, NJ., has been losing money; the shares were recently trading at $3.82, down about 28% this year on New York Stock Exchange trading.

And some analysts remain dubious about the completion of the Iraq project, including those at  Sidoti & Company, which slashed earnings estimates on Friday. But if company officials are to be believed — and there’s good reason to believe them given Hill’s connections to the Obama Administration — Hill will be solidly profitable once the Iraq development gets underway. Company officials say the Iraq project is slated to generate $1.5 billion in revenues over the next three years, more than three times all the revenues Hill produced in 2011.

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