New Details Emerge on Federal Investigation into Hunter Biden

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The federal investigation into Hunter Biden’s business practices is broader than previously known, with multiple sources telling CBS News that the investigation is investigating whether the younger Biden and his associates have violated tax, money laundering and foreign lobbying laws.

Company records reviewed by CBS News and documents released by Republicans in Congress indicate that Hunter Biden and his company were involved in multiple financial transactions with a Chinese energy company called CEFC. Republicans claim that the company is an arm of the Chinese government.

In 2017, the year after Joe Biden left the vice presidency, a Chinese energy company official signed a $1 million advance for Hunter Biden’s services as a lawyer.

The new client, CEFC official Patrick Ho, was later convicted of unrelated international bribery and money laundering for work in Africa.

This week, Republican Chuck Grassley presented on the Senate floor financial data obtained by the Senate that he said showed six-figure payments from the Chinese energy company to Hunter Biden’s company, including President Biden’s brother James Biden.

“Hunter Biden and James Biden were the perfect vehicle for the Chinese government to push through here in the United States,” Grassley said.

An attorney for Hunter Biden did not respond to CBS News’ request for comment. CBS News was unable to reach a representative for James Biden for comment. Last year, Hunter Biden told CBS News correspondent Anthony Mason that the president was not profiting directly or indirectly from his business ventures.

Attention to Hunter Biden’s foreign business dealings has again become a political issue in recent days. Questions about then-candidate Biden’s son reached a fever pitch during the 2020 campaign. After the election, the White House left the Trump-appointed federal prosecutor in Delaware in place — White House officials said they would avoid any suggestion that they could get involved with it. interfered with research.

Earlier this month, White House press secretary Jen Psaki said any answers to questions about the investigation should come from the Justice Department or Hunter Biden’s representatives.

“I am a spokesperson for the United States,” Psaki added. “He doesn’t work for the government.”

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