Posted by: bj | April 13, 2023

April 13, 2023: The Washington Times: Senators Ron Johnson & Charles Grassley Obtain Cathy Pacific Bank Records Showing Millions of $ flowing to Hunter & Jim Biden

China’s latest move to expose Hunter Biden’s shady dealings with its state-owned energy companies is a clear sign of its intention to pressure and blackmail President Joe Biden, who has been weak and indecisive on confronting the communist regime.

According to a report by The Washington Times, two Republican senators, Ron Johnson and Charles Grassley, obtained bank records from Cathay Bank, a Chinese-American bank with offices in China, that show millions of dollars flowing from Chinese companies to Hunter Biden and his uncle James Biden.The bank records show that CEFC China Energy, a now-defunct company with ties to the Chinese Communist Party, wired $1 million to Hudson West III, a joint venture owned by Hunter Biden and Gongwen Dong, a business associate of CEFC’s founder and chairman, Ye Jianming.Another Chinese company, Northern International Capital Holdings, which is also linked to CEFC and the CCP, wired $5 million to Hudson West III.

The money was then used to fund a $4.8 million wire transfer from Hudson West III to Hunter Biden’s companies Owasco P.C. and Owasco LLC, and Lion Hall Group, a company owned by James Biden.The Cathay Bank records also show that Hudson West III paid Hunter Biden a $500,000 retainer fee plus $100,000 per month, while James Biden was paid $65,000 per month. The transactions took place between August 2017 and October 2018, after Joe Biden left the Obama administration and was preparing for his presidential run

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These revelations are shocking and disturbing for several reasons. First, they confirm that Hunter Biden and his family were cashing in on Joe Biden’s influence and access to foreign leaders, especially those of America’s adversaries. Second, they expose the extent of Hunter Biden’s involvement with CEFC, a company that was sanctioned by the US government for its role in advancing China’s military and geopolitical ambitions. Third, they suggest that China was using Hunter Biden as a conduit to influence and compromise Joe Biden, who has been soft on China throughout his political career.

It is no coincidence that Cathay Bank, which is based in Los Angeles but has offices in China, was the only American bank that voluntarily turned over the bank records requested by the senators. Every other American bank denied their requests for financial records. This indicates that Cathay Bank was acting under pressure or instruction from the Chinese government, which wanted to send a message to Joe Biden that it has the goods on him and his son. This is a classic tactic of blackmail and intimidation that China has used against other foreign leaders and officials who have crossed its interests. By leaking Hunter Biden’s bank records, China is warning Joe Biden that it can expose more of his son’s dirty secrets at any time, and that he better toe the line on issues such as Taiwan, Hong Kong, human rights, trade, and COVID-19.

This is a serious threat to America’s national security and democracy. Joe Biden cannot be trusted to stand up to China when he is beholden to its money and influence. He has already shown signs of weakness and appeasement towards Beijing, such as rejoining the WHO without demanding accountability for its role in covering up the pandemic, lifting sanctions on Iranian oil exports that benefit China, and downplaying China’s genocide of Uyghurs as a “cultural norm”.

We need a president who will confront China with strength and resolve, not one who will cower and capitulate under its pressure. We need a president who will put America first, not one who will sell out America for his son’s profit. We need a president who will protect our values and interests, not one who will endanger them for his family’s benefit.


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