Mystery Chinese Firm Approached Hunter Biden With An Offer Of Charity, And A More Lucrative PitchChuck Ross
Investigative Reporter
January 04, 2021 9:12 PM ET
Emails from Hunter Biden’s laptop fill in gaps in the timeline of his partnership with CEFC China Energy, a mysterious Chinese energy conglomerate ensnared in bribery investigations and linked to Chinese military intelligence.
A consultant approached Biden on behalf of CEFC in October 2015, earlier than previously known, with an offer to contribute to a charity chaired by Biden, an email shows. The company also had a profit motive: It wanted to invest up to $100 million through Biden and his business partners.
CEFC would later pay Biden nearly $6 million for consulting and legal fees in transactions that were flagged by U.S. banking regulators as suspicious, according to a Senate report.
In October 2015, a consultant working on behalf of the Chinese energy conglomerate CEFC made an intriguing pitch to Hunter Biden, the son of the then-vice president.
The consultant said that CEFC, one of China’s largest private energy firms, wanted to make a contribution to a nonprofit organization that Biden chaired, according to emails obtained by the Daily Caller News Foundation. What’s more, CEFC also wanted to explore investing up to $100 million with an asset management firm with links to Biden.
While Biden’s relationship with CEFC has been widely explored in the media amid revelations that he is the target of a federal investigation, little is known about how the son of the future president first started his partnership with the company.
The email pitch to Biden has not been previously reported.
Senate investigators have said that Biden’s work with CEFC raises potential “counterintelligence†and “criminal financial†concerns, in part because of CEFC’s alleged links to Chinese military intelligence. A report from Senate Republicans also said that U.S. banking regulators flagged millions of dollars in wire payments from CEFC to Biden in 2017 as suspicious.
Emails from Biden’s laptop obtained by the DCNF help fill in some of the gaps of the origins of the CEFC partnership, as does an interview with the consultant who pitched Biden in October 2015.
Scott Oh, the consultant, emailed Biden on Oct. 4, 2015, saying that “CEFC China is very interested in exploring humanitarian initiatives of mutual interest to the World Food program USA and discussing investment opportunities with Burnham.â€
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https://dailycaller.com/2021/01/04/hunter-biden-cefc-china-jianming/
