James Biden is expected to testify in the impeachment inquiry against his older brother, President Biden behind closed doors on Wednesday morning.
The president’s brother is set to appear for a deposition before the House Oversight and Judiciary Committees Wednesday at 10 a.m.
JOE BIDEN RECEIVED $40K IN 'LAUNDERED CHINA MONEY' FROM BROTHER IN 2017, COMER SAYS
James Biden, also referred to as Jim Biden, had been subpoenaed in November to appear for a deposition as part of the impeachment inquiry — prior to it being formalized by the full House.
James Biden, brother of US President Joe Biden, was given a $600,000 from Americore in exchange for promises that he could deliver on funding from the Middle East, a company representative said. (AP)
James Biden was involved in the Biden family business ventures with his nephew, Hunter Biden.
So far, during the investigation, House Oversight Committee Chairman James Comer said he has found that Biden family members, their business associates and their "related companies" received "significant payments from individuals and companies in China, Russia, Ukraine, Kazakhstan and Romania."
Comer said the committee has learned throughout its investigation that the Biden family and their business associates brought in more than $24 million between 2014 and 2019 by "selling Joe Biden as ‘the brand’ around the world."
James Biden is expected to be questioned on whether Joe Biden was involved in the family's foreign business ventures.
James Biden is also expected to be questioned on "loan repayment" checks — one for $200,000 and another for $40,000 — that he wrote to the president.
Comer said his panel had uncovered evidence that the president, in 2018, received a "$200,000 direct payment" in the form of a "personal check" from James Biden and Sara Biden. That check was labeled "loan repayment."
Comer said that James Biden "received $600,000 in loans from Americore — a financially distressed and failing rural hospital operator."
"On March 1, 2018, Americore wired a $200,000 loan into James and Sara Biden’s personal bank account — not their business bank account," he continued. "And then, on the very same day, James Biden wrote a $200,000 check from this same personal bank account to Joe Biden."
President Joe Biden speaks during the United Auto Workers union conference at the Marriott Marquis in Washington, DC, on January 24, 2024. (SAUL LOEB/AFP via Getty Images)
Comer said James Biden "wrote this check to Joe Biden as a ‘loan repayment.’"
"Americore — a distressed company — loaned money to James Biden, who then sent it to Joe Biden," Comer said.
The White House said the committee found that as a private citizen, the president loaned his brother his own money when his brother needed it, and after reviewing bank records, there is a record that he was repaid.
Comer also said the president received another $40,000 "loan repayment" from James Biden, which the chairman described as "laundered China money."
COMER RAISES QUESTIONS ABOUT $200K 'DIRECT PAYMENT' FROM JAMES BIDEN TO JOE BIDEN IN 2018
Comer said the "money trail" began in July 2017 when Hunter Biden demanded a $10 million payment from a CEFC associate. In a WhatsApp message, he claimed "he was sitting with his father and that the Biden network would turn on his associate if he didn’t pony up the money," Comer explained.
Hunter Biden in the WhatsApp message allegedly told a Chinese business associate from Chinese energy company CEFC that he and his father would ensure "you will regret not following my direction."
Hunter requested the $10 million wire for his joint-venture with CEFC called SinoHawk Holdings.
US President Joe Biden sits in the golf cart while golfing at Joint Base Andrews in Maryland on June 4, 2023. Biden is golfing with his brother James Biden. (JIM WATSON/AFP via Getty Images)
"I am sitting here with my father, and we would like to understand why the commitment made has not been fulfilled," Hunter Biden told Henry Zhao, the director of Chinese asset management firm Harvest Fund Management. "And, Z, if I get a call or text from anyone involved in this other than you, Zhang or the chairman, I will make certain that between the man sitting next to me and every person he knows and my ability to forever hold a grudge that you will regret not following my direction."
Zhao responded, in part, "CEFC is willing to cooperate with the family."
Comer, citing bank records he and his committee have obtained, said that on Aug. 8, 2017, the $5 million in funds were sent to Hudson West III, a joint-venture established by Hunter Biden and CEFC associate Gongwen Dong. The same day, Hudson West III sent $400,000 to Owasco, P.C.— a separate entity controlled and owned by Hunter Biden, Comer said.
Days later, on Aug. 14, 2017, Hunter Biden wired $150,000 to Lion Hall Group, a company owned by James Biden and his wife Sara Biden. By Aug. 28, 2017, Comer said Sara Biden withdrew $50,000 in cash from Lion Hall Group and later deposited it into her and James Biden’s personal checking account.
Chairman James Comer, R-Ky., arrives for the House Oversight and Accountability Committee hearing titled "Unsuitable Litigation: Oversight of Third-Party Litigation Funding" in Rayburn Building on Wednesday, September 13, 2023. (Tom Williams/CQ-Roll Call, Inc via Getty Images)
"A few days later, Sara Biden cut a check to Joe Biden for $40,000," Comer said, referring to the Sept. 3, 2017, check his committee obtained. "The memo line of the check said, ‘loan repayment.’"
James Biden's expected testimony comes days after his former business associate Tony Bobulinski testified before the committee, telling congressional investigators that Joe Biden was involved in the family's business ventures, and testifying that he personally met with him.
Days before Bobulinski's testimony, another former business associate, Rob Walker, testified that Joe Biden met with the chairman of the Chinese energy firm his brother and son did business with.
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After Walker's testimony, the House Oversight Committee said it was able to "now confirm Joe Biden met with nearly every foreign national who funneled money to his son."
Meanwhile, the president, last week, called for the House impeachment inquiry to be dropped, calling it "an outrageous effort from the beginning."
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