Biden investigation: Oversight Committee releases new Hunter bank memo showing payments from foreign oligarchs

The House Oversight and Accountability Committee released a new bank memo showing that Hunter Biden and his business associates received millions of dollars from foreign oligarchs and sources while his father was vice president.

The memo shows how Hunter Biden, along with his former business partner Devon Archer, used their investment company, Rosemont Seneca Partners and its associated companies and bank accounts, to wire money they would receive from foreign oligarchs through different accounts. Hunter Biden was chairman of Rosemont Seneca Partners.

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The release of the memo comes a little over a week after Archer sat for a transcribed interview before Oversight Committee staff last Monday.

It confirms that in 2014, Hunter Biden and Archer received millions from Yelena Baturina — a Russian billionaire and former first lady of Moscow — and that Kenes Rakishev, a Kazakhstani oligarch with close ties to the then-prime minister of the country, appeared to purchase a $140,000 car for Hunter Biden.

According to the memo, on Feb. 14, 2014, Baturina wired $3.5 million to a bank account for Rosemont Seneca Thornton, a company associated with Biden and Archer. The bank account had Archer and Rosemont Seneca Partners listed as beneficiaries.

About a month later, Rosemont Seneca Thornton wired $750,000 to Archer and $2.7 million to a bank account for another company of Archer’s and Biden’s, Rosemont Seneca Bohai.

Rosemont Seneca Bohai was opened in Delaware on Feb. 13, 2014, just one day before the initial $3.5 million wire transfer from Baturina. Archer testified before the committee that he and Biden “had a handshake 50-50 ownership” in Rosemont Seneca Bohai. The $2.7 million wire transfer was what initially funded the Bohai account.

Then, on March 25, 2014, two separate transfers occurred internally to another Rosemont Seneca Bohai account, one for $2.2 million and another for $200,000.

A similar process was used for wiring money when Rakishev, the Kazakhstani oligarch, appeared to purchase a car for Hunter Biden.

The memo shows that on April 22, 2014, Rakishev used his Singaporean entity, Novatus Holdings, to wire $142,300 to the Rosemont Seneca Bohai account. The next day, the same amount was wired out of the bank account to a car dealership in New Jersey for Hunter Biden’s car.

During the spring of 2014, after the $3.5 million wire was sent from Baturina, and around the same time Rakishev wired the money for the car, then-Vice President Joe Biden, Hunter Biden, Archer, Baturina, Rakishev, and others met for dinner at Cafe Milano in Georgetown in Washington, D.C. Archer testified to the Oversight Committee that while Joe Biden showed up late, he arrived before dinner and stayed for a decent amount of time.

“[Joe Biden] entered the room and shook everybody’s hand,” Archer testified. “And, you know, the conversation — you know, again, I don’t want to be — it’s important that I’m accurate. I don’t really remember it. You know, I don’t — not really. I don’t remember the conversation. I just remember that he was — he came to dinner, and we ate and kind of talked about the world, I guess, and the weather, and then everybody — everybody left.

There was also a second dinner at Cafe Milano in the spring of 2015 that included Hunter Biden, then-Vice President Joe Biden, Archer, Rakishev, and others.

“During Joe Biden’s vice presidency, Hunter Biden sold him as ‘the brand’ to reap millions from oligarchs in Kazakhstan, Russia, and Ukraine,” House Oversight Chairman James Comer (R-KY) said in a statement. “It appears no real services were provided other than access to the Biden network, including Joe Biden himself. And Hunter Biden seems to have delivered. This is made clear by meals at Cafe Milano where then-Vice President Joe Biden dined with oligarchs from around the world who had sent money to his son.”

The memo also outlines how Hunter Biden was paid by Burisma, a Ukrainian energy company where he and Archer sat on the board. Both received around $3.32 million from Burisma between 2014 and 2015, which aligns with what the two Internal Revenue Service whistleblowers testified.

This is the third such memo the committee has released this year showing money from foreign sources being routed through different bank accounts before landing in one that was associated with a Biden family member.

Back in March, Comer released a memo claiming that State Energy HK Limited, a Chinese company, wired $3 million to Robinson Walker LLC, an account that belonged to Rob Walker, a business associate of Hunter Biden. From there, Comer said, “Biden family members and their companies began receiving incremental payments over a period of approximately three months” from Robinson Walker LLC.

Walker wired over $1 million in incremental payments “from 2015 through 2017” to Hunter Biden; James Biden, the president’s brother; and Hallie Biden, the widow of Beau Biden, the president’s late son.

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The other memo was released in May and detailed, in more depth, payments made to members of the Biden family from foreign nationals from Romania and China.

The new bank memo released by the House Oversight Committee can be read in full below:

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