Sen Chuck Grassley announced that his committee is investigating the business dealings of Hunter Biden in China. According to the Washington Free Beacon, Hunter Biden’s business dealings in China when his daddy was vice president because it creates a major conflict of interest and possible national security issues. Sen. Chuck Grassley (R-Iowa), who is the chairman of the Senate Finance Committee has received confidential briefings on Hunter’s role with BHR. The briefing was put together by the Commerce Department, the DNI and the Treasury Department. grassy is reviewing the documents now and mwill ask follow up questions of the various departments in a couple of weeks.
The briefing contains information about Hunter Biden’s role with BHR Partners, a Chinese equity firm at which Biden sat on the board. BHR was created through a deal between Chinese financiers and Rosemont Seneca Partners, a U.S. investment firm that Biden had a stake in.
“Chairman Grassley intends to review additional material and will contact the agencies with follow-up questions in the coming weeks,” said Grassley communications director Michael Zona.
Biden joined the BHR board in 2013. In 2015, BHR, in partnership with the Aviation Industry Corporation of China, acquired the U.S. auto company Henniges Automotive for $600 million. Henniges produces technologies that have military applications. The Aviation Industry Corporation of China has been suspected in the past of hacking U.S. networks to steal military airplane designs for their own use.
At the time of that deal, John Kerry was secretary of state, and had to approve the transaction. Christopher Heinz, Kerry’s stepson, worked with Biden at Rosemont Seneca.
Grassley first raised questions about the transaction in August, concerned that the influence of Obama administration officials might have pressured the Committee on Foreign Investment in the United States to approve the deal. CFIUS evaluates such deals for potential national security implications.
“There is cause for concern that potential conflicts of interest could have influenced CFIUS approval of the Henniges transaction,” Grassley wrote. “Accordingly, Congress and the public must fully understand the decision-making process that led to the Henniges approval and the extent to which CFIUS fully considered the transaction’s national security risks.”