A 2017 business proposal involving a Chinese company is the subject of emails, printscreens and other documents provided by Hunter and James Biden’s former business partner. This business has finally collapsed, but there are ambiguous things, given that allegations of corruption are looming over Trump’s opponent in the US presidency.
According to the New York Times, first of all, the documents do not contain evidence that the Biden brothers discussed a role of the former vice president. Second, if business in China or with Chinese partners is not illegal, Biden’s tax returns do not contain anything about the money raised from such transactions. In addition, even Trump prospected the Chinese market and had a partnership with a Chinese state-owned enterprise, as well as an account with a bank in that country.
Andrew Bates, a spokesman for the Biden campaign, said he “never considered going into business with his family or overseas.” In the final presidential debate, the Democratic candidate responded to Trump as the latter accused him of receiving money from abroad: “I have not taken a penny from a foreign source in my entire life.”
The messages delivered to the press by Bobulinski contain the reference to a meeting between Joe and James Biden that would have taken place in May 2017, in Beverly Hills, California. It is not clear from the messages what they discussed.
Bates said nothing about Bobulinsk’s statement that he had met with Joe Biden, but stressed that the former US vice president had not discussed anything with his family about the Chinese proposal or other business: “He never had any conversations about these. issues “.
According to an email sent on May 13, 2017 by another partner in the business, there were discussions about how much of each partner receives in percentage or money and to be part of Barosan, which is not identified in any way: “10% kept by H for barosan? ”.
Bobulinski says there’s no doubt it’s Joe Biden.
The Biden campaign spokesman clarified that he “did not store shares in such business arrangements and no members of his family or others have ever stored shares for him.”
What did Hunter and James Biden want to do?
The brothers were negotiating a business proposal with an energy and investment company, namely CEFC China Energy. The materials provided by Bobulinski contain emails, contracts, business plans and printscreens of messages exchanged between American partners. The Times could not verify the authenticity of the documents, but they correspond to reports from interviews and other news published by the newspaper in recent years. The Biden campaign does not deny that the brothers negotiated with the Chinese company.
The messages make it quite clear that Hunter Biden considered the family name a valuable resource, angrily referring to “my family tree” to justify its value in the business. The documents also show that the countries targeted by the business initiatives of the Biden brothers and their associates are nations with which Biden has interacted as vice president. A 42-page plan has a section highlighting Joe Biden’s role in facilitating trade relations with Colombia, one of the countries targeted in the enterprise along with Luxembourg, Oman and Romania.
According to a document, Hunter “had a key role in establishing relations, and conveying good intentions around the president,” namely Ye Jianming, CEFC director.
The Times revealed in 2018 that Ye had a private meeting with Hunter Biden in May 2017 at a hotel in Miami, where the former offered him an investment partnership in US infrastructure and energy projects. Some messages indicate some plans for this meeting.
The amount put on the table by CEFC China was an investment of 10 million dollars, money that was to be delivered at the beginning of the year. CEFC focused on revenues from futures contracts and access to oil rigs in conflict-ridden countries such as Chad, South Sudan and Iraq. The company was looking to expand globally both as an energy company and as an investor, and the role of the Biden brothers was to find new contracts.
According to one of the business plans, the brothers and their associates “had established alliances with high-level people from government structures, banking institutions and companies.”
What happened to the business?
In August 2017, the first signs of problems appeared: Bobulinski notified the company that the payments set at 10 million dollars did not reach the accounts of the American partners.
It is not known if any of this money was ever sent, the information is contradictory. The purchases of two Senate commissions this year found no evidence of Joe Biden’s influence or illegality, but revealed recent messages asking Bobulinski about the arrival of the money.
Documents from 2018 imply that at least part of the business had been closed or was to be closed, a draft mentioning the “complete liquidation and dissolution” of the main investment.
CEFC, one of China’s largest private companies, went bankrupt in March this year after appearing in a U.S. Department of Justice investigation.