The investigation into Hunter Biden continues to expand.
Republicans keep finding new targets.
Barack Obama is now at the center of the congressional investigation into Hunter Biden.
House Oversight Committee Chairman James Comer (R-KY) wrote a letter signed by other Republicans on the committee to Treasury Secretary Janet Yellen demanding the agency turn over suspicious activity reports (SARs) pertaining to Hunter Biden.
“The Biden Administration is restricting Congress’ access to SARs, and Committee Republicans are investigating whether this change in longstanding policy is motivated by efforts to shield Hunter Biden and potentially President Biden from scrutiny,” Comer’s letter read. “Though the Committee requested documents and information ‘no later than June 8, 2022,’ the Department of the Treasury has provided no documents or information.”
Banks generate SARs when they detect large financial transactions that set off alarm bells.
The main purpose of SARs is to guard against money laundering, which is one of the charges prosecutors investigated as part of their criminal probe into Hunter Biden’s foreign business deals.
Hunter Biden conducted business in both Russia and Ukraine and given the war and Joe Biden’s commitment to Ukraine, Republicans are eager to investigate any SARs banks generated over business activities in that region of the world.
“Hunter Biden’s connections throughout the Russian sphere of influence have now become especially relevant in the fast-moving and developing Russian war in Ukraine,” Comer’s letter added.
Comer noted an investigation began during the Obama administration and Republicans want to know what the Obama administration knew and when they knew it.
“Hunter Biden’s dealings have not gone unnoticed, and a Department of Justice (DOJ) probe begun under the Obama Administration has expanded to include a wide variety of potential violations and crimes. According to the New York Times, Hunter Biden is currently under investigation by the DOJ for possible violations of the Foreign Agents Registration Act and possible criminal tax evasion and money laundering.”
Comer explained Republicans needed to figure out if the Biden family could profit off this war or if countries like Communist China or Russia could compromise Joe Biden because of these business deals.
“Given Hunter Biden’s foreign business relationships in Ukraine and Russia and the current international landscape, we are concerned about whether Hunter Biden continues to profit off his status as President Biden’s son as well as whether foreign adversaries may be attempting to exploit questionable business dealings. NARA may possess documents relevant to this investigation from then-Vice President Biden’s tenure,” the letter stated.
Republicans expanding the investigation to include the Obama administration is a new development.
Democrats are clearly worried.
This is why Treasury Secretary Yellen — who served as chair of the secretive Federal Reserve under Barack Obama — is stonewalling the committee and is so far refusing to turn over SARs relating to Hunter Biden.
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