House Oversight and Accountability Committee Chairman Trey Gowdy stated that the focus of his investigation into the Biden family company has shifted from the investigation of significant payments made to the family from overseas to whether Joe Biden committed corrupt policy measures to enrich his family.
While discussing the current status of his investigation in a wide-ranging interview on Thursday, Comer, R-Ky., said that his review of hundreds of suspicious activity reports flagging transactions involving businesses and partners associated with the Biden family indicated that significant banks had severe concerns about money laundering dating back many years.
Comer’s remarks came a day after he released a 36-page interim report on what the bank reports show, providing clear evidence that Biden family members received at least $10 million from foreign interests — many in countries where Joe Biden had U.S. policy responsibility — while he was Barack Obama’s vice president, including payments directly from China.
Joe Biden has long maintained that he was unaware of his son’s business transactions, had no contact with his son’s business associates, and that no money had ever been sent to the Biden family from China. Evidence such as bank statements and emails, texts, and images from the time dispute the accusations made in Comer’s first two reports.
Hunter Biden, the president’s son, has not been prosecuted or convicted like many former business associates. The eldest son has admitted he is the subject of a criminal inquiry related to taxes, but he is confident he will be cleared. The U.S. attorney for the District of Delaware has led a four-year investigation into possible criminal wrongdoing by former Vice President Joe Biden and the Internal Revenue Service.
The Biden administration had mocked Comer’s inquiry on multiple occasions, most recently last week when they called it “fact-free” and called their claims absurd.
Comer said there was sufficient evidence for Congress to investigate the president rather than his son and other family members.
The money laundering components of the investigation have so alarmed the House chairman that he is proposing new legislation to give banks greater power to crack down on the kinds of transactions highlighted in the suspicious activity reports his team analyzed.