In 2016, Hunter Biden made efforts to assist a company associated with the Chinese Communist Party (CCP), CEFC China Energy Co., in acquiring a U.S. nuclear reactor manufacturer. Evidence presented in a strategy memo and testimony during the House impeachment inquiry revealed this connection.
CEFC has strong ties to the CCP, with its chairman, Ye Jianming, compensating Hunter with a $1 million retainer fee for legal services in 2017. Additionally, Hunter was gifted a significant diamond by Ye in February 2017, valued at around $80,000.
As was previiously reported, the Bidens were being assisted by Ye, who had strong and enduring connections with Chinese intelligence, while they were organizing these principles.
Lawmakers were provided with a memo indicating that CEFC’s objective was to leverage Hunter’s connection to the Obama White House in order to facilitate the controversial deal, while also keeping the transaction between CEFC and Westinghouse, the manufacturer of nuclear reactors, confidential. This information was initially disclosed by Just the News:
“Congressional investigators recently obtained new memos and testimony about the nature of the plan to help CEFC gain a larger foothold in the global nuclear energy market by acquiring Westinghouse. One of Hunter Biden’s former business partners, Rob Walker, told Congress the future first son was involved, providing a letter to make the Chinese comfortable with the plan. This plan would place the appearance of a layer between CEFC—a China-based company with close connections to the ruling Chinese Communist Party and component of its national energy strategy—and the iconic U.S.-based energy company. At the time, Westinghouse was U.S.-based but owned by Japan’s Toshiba and one of the darlings of the nuclear industry with its new AP1000 reactor, a smaller and more advanced power generator. But it privately was suffering financial strife due to cost delays and overruns at a planned nuclear power plant in Georgia that would eventually force the company to file for temporary bankruptcy protection.”
In the pursuit of acquiring business in the American energy sector, it was not only Hunter Biden who sought to assist CEFC. James Biden, the brother of President Joe Biden, disclosed to the FBI in 2023 that his family made efforts to aid CEFC in purchasing a liquid natural gas facility in Louisiana. James informed investigators that he collaborated with Louisiana state officials to streamline regulatory processes for the benefit of the deal. However, despite their endeavors, the deal ultimately did not come to fruition.
The investigation into the Biden family was initiated by House investigators in November 2022. During the course of the investigation, it was revealed that Joe Biden had received money from both James and Hunter Biden. Additionally, it was uncovered that nine other members of the Biden family had received payments from the family’s foreign business ventures, including two of Joe Biden’s grandchildren.
