Fox News Media: James Biden Testifies Before House Oversight and Judiciary Committees in Impeachment Inquiry Against President Biden – Denies Any Financial Involvement or Interest in Brother’s Business Ventures.
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Fox News Media, a leading news organization, reported that James Biden, the brother of President Biden, testified before the House Oversight and Judiciary Committees on Wednesday, February 21, 2024, as part of the impeachment inquiry against the President. In his opening statement, James Biden denied any financial involvement or interest in his brother’s business ventures.
James Biden, who has had a 50-year career in various business ventures, emphasized that his brother, Joe Biden, played no role, was not involved with, and received no benefits from his work with Chinese energy company CEFC or healthcare company Americore. He stressed that his brother’s personal integrity and character, as well as his own strong ethics, had always kept his professional life separate from their close personal relationship.
Despite testimony from former business associates, including Tony Bobulinski and Rob Walker, who claimed that Joe Biden was involved in the family’s business ventures and met with the chairman of the Chinese energy firm CEFC, James Biden maintained that his brother had no involvement in his business dealings. He confirmed that he worked on the structure of the joint-venture with CEFC, along with his nephew Hunter Biden and business associates Walker, Bobulinski, and James Gilliar.
James Biden testified that he identified potential investment opportunities for the joint venture and added substantial value to the project during his involvement from early 2017 through 2018. He emphasized that there was no effort to disguise the joint venture as a Chinese company and that his role and experience with CEFC bore no resemblance to the false narrative that some have promoted.
The House Oversight Committee, led by Chairman James Comer, has found that Biden family members, their business associates, and their related companies received significant payments from individuals and companies in China, Russia, Ukraine, Kazakhstan, and Romania between 2014 and 2019. The committee has also learned that the Biden family and their business associates brought in more than $24 million by selling Joe Biden as ‘the brand’ around the world.
Republicans have focused on a $200,000 direct payment in the form of a personal check from James Biden and Sara Biden, labeled as a loan repayment, which was wired into their personal bank account on March 1, 2018, and then sent to Joe Biden on the same day. The committee has raised concerns about the source of the loan and the purpose of the payment.
James Biden’s testimony before the House Oversight and Judiciary Committees is a significant development in the impeachment inquiry against President Biden. His denial of any financial involvement or interest in his brother’s business ventures will be closely scrutinized, and the investigation into Biden family businesses is expected to continue.
In conclusion, James Biden’s testimony before the House Oversight and Judiciary Committees is a crucial part of the ongoing impeachment inquiry against President Biden. His denial of any financial involvement or interest in his brother’s business ventures will be closely examined, and the investigation into Biden family businesses is expected to continue. The committees have found significant payments from individuals and companies in various countries, and the source of a $200,000 loan repayment to Joe Biden is a matter of concern. The implications of these findings are significant and will likely shape the political landscape in the coming months.
