According to an explosive new memo released by congressional investigators Wednesday, a money laundering investigator for a bank raised serious concerns in 2017 about a $5 million loan that the Biden family received from the arm of a Chinese energy firm, labeling the transaction as “high risk” and possibly tied to communist efforts to gain influence through Hunter Biden.
According to the memo released by House Oversight Committee Chairman James Comer, the unnamed examiner specifically raised concerns that the loan had no paperwork, that a Biden family firm distributed large sums of money to a Hunter Biden law firm, and that the recipient firm within the Biden family did not appear to have an investment in need of a loan.
“We have been monitoring the subject customer due to the PEP designation and observations on the account activity as well as recent negative news Indicate this entity to be high risk,” the money laundering investigator wrote bank official as he traced the money from Northern International Capitol Holdings (HK) Limited, a firm tied to China CEFC Energy, through the Biden family’s Hudson West III firm and to Hunter Biden’s Owasco PC law firm.
“These payments were indicated as management fees