Hunter Biden was paid $100K through joint-venture with Chinese energy firm, ex-associate testified
Mervyn Yan, though, said he did not know the nature of the work or value Hunter Biden brought to the venture
By Brooke Singman Fox News
Published February 8, 2024 12:30pm EST
Hunter Biden was paid $100,000 a month and James Biden was paid $65,000 a month in 2017 from their joint-venture with Chinese Communist Party-linked Chinese energy firm CEFC, a former associate testified to the House Oversight and Judiciary Committees.
Mervyn Yan, who testified behind closed doors at the committees last month, said he did not know the nature of the work the Bidens provided, according to a transcript of the testimony obtained by Fox News Digital.
Yan testified that he met Hunter Biden and James Biden in May 2017 through a CEFC business partner Gongwen Dong, also known as "Kevin." Yan said that meeting lasted less than 15 minutes, but that it was the impetus for the joint-business venture, Hudson West III, with the Bidens.
Yan said the business venture was intended to facilitate the investment of Chinese energy infrastructure firms – like CEFC – into U.S. energy companies in exchange for energy exports to China.
"It was in May 2017, four of us. And then Kevin asked me to come to a meeting. And then eventually we met. I met Hunter Biden and James Biden and Kevin, just four of us… in Midtown. That was a relatively quick meeting, roughly 15 minutes, because I noticed the time because I couldn’t even get a water in that place," Yan told the committees.
more
https://www.foxnews.com/politics/hunter-biden-paid-100k-through-joint-venture-chinese-energy-firm-ex-associate-testified