Hunter Biden Faces Congressional Scrutiny in Probe of Chinese Acquisition – IOTW Report

Hunter Biden Faces Congressional Scrutiny in Probe of Chinese Acquisition

Epoch Times:

Sen. Chuck Grassley (R-Iowa) named Hunter Biden as the source of a potential conflict of interest as part of a congressional inquiry into the purchase of an American maker of anti-vibration technologies. The company was acquired by a Chinese Communist Party-owned aviation company and an investment firm with ties to the party.

In a letter to Treasury Secretary Steven Mnuchin on Aug. 14, Grassley requested a copy of the National Security Threat Assessment tied to the transaction, asked for details about the approval timeline, and inquired about whether the White House was briefed on the relevant deliberations.

The Obama-era Committee on Foreign Investment in the United States (CFIUS) approved the transaction when Joe Biden, Hunter Biden’s father, was the vice president. Hunter Biden and Chris Heinz, the stepson of former Secretary of State John Kerry, both reportedly had stakes in Bohai Harvest RST, the firm that acquired Henniges, the anti-vibration technology manufacturer.

“The appearance of potential conflicts in this case is particularly troubling given Mr. Biden’s and Mr. Heinz’s history of investing in and collaborating with Chinese companies, including at least one posing significant national security concerns,” Grassley wrote. “This history with China pre and post-dates the 2015 Henniges transaction.”

Grassley cites several examples which suggest that conflicts of interest may have tainted the approval process. In an early example, Hunter and Joe Biden flew to China in December of 2013, one month after the merger involving the Hunter Biden-founded firm which created Bohai Harvest RST. During the trip, Hunter Biden helped arrange a meeting between Jonathan Li, the CEO of Bohai Capital, and then-Vice President Biden. Hunter Biden then had a private meeting with Li. After the trip, the business license of Bohai Harvest RST was approved. read more

4 Comments on Hunter Biden Faces Congressional Scrutiny in Probe of Chinese Acquisition

  1. He inherited his fathers brains and that means he has all the intellectual horsepower associated with the contents of a used kleenex.
    He’s too stupid to see that they’re about to throw his father over the cliff and he’ll be riding along.

    3

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