As his panel's probe of Biden family financial dealings continues apace, House Oversight Committee Chair James Comer (R-KY) is calling on the White House to provide information “clarifying the nature” of a recently revealed 2018 payment from James Biden to Joe Biden, as Fox News reports.
The congressman's demand comes on the heels of news that the committee found evidence of an unusual “direct payment” of a $200,000 personal check written to Joe Biden from an account belonging to his brother Jim and his wife.
According to Comer, the remittance was described by James Biden as a “loan repayment,” a characterization the committee believes warrants further investigation.
Information about the payment came after Comer's subpoenaed bank records, both business and personal, from first son Hunter Biden as well as James Biden, as Fox News reported separately.
Comer outlined that James Biden had received $600,000 in loans from a company known as Americore based largely on assurances he made that his family name and his brother's connections could open doors for the distressed firm and help secure interest from Middle Eastern investors.
On March 18, 2018, Americore dispatched $200,000 in funds to James Biden, who in turn – that very same day – wrote a personal check in the same amount to his brother.
Comer observed last week that in his opinion, even if the check was “a personal loan repayment,” it remains problematic that Joe Biden's “ability to be paid back by his brother depended on the success of his family's shady financial dealings.”
Though the White House has insisted that the transaction is not of interested in that it happened while the current president was a private citizen who simply loaned a family member money at a time of need and subsequently received repayment.
The Kentucky Republican, however, dispatched a latter to White House Counsel Edward Siskel seeking additional documentation related to the matter.
Comer wrote, “The White House has claimed Joe Biden loaned James Biden $200,000, and this check was repayment. Records obtained by the committee do show numerous large incoming transactions into the personal accounts of James and Sara Biden from various entities.”
He went on, “Some of these transaction records may have obscured the identity of the true payer, but no records in the committee's possession state that Joe Biden made a large loan payment to his brother.”
Demanding evidence in support of the explanation offered by the White House for the large exchange of funds between brothers, the letter added, “If Joe Biden did personally loan James Biden an amount that was later repaid by the $200,000 check, please provide the loan documents, including the loan payment, loan agreement, and any other supporting loan documentation.”
The current absence of documentation, said Comer, gives the panel “reason to doubt claims that this transaction was repayment for a legal loan.”
The committee, Comer said, is “troubled that Joe Biden's ability to recoup funds depend[ed] on his brother's cashing-in on the Biden brand," and it seems certain that there is no end in sight to its efforts to unearth possible corruption on the part of the president's family.
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