(SNews) – The Treasury Department has dealt a massive blow to Joe Biden and agreed to finally hand over suspicious activity reports (SARs) on the Democrat president’s family members.
The Department has given the documents, related to Hunter Biden and the family’s foreign business deals, to Republicans on the House Oversight Committee.
The House Oversight Committee James Cormer (R-KY) said: “After two months of dragging their feet, the Treasury Department is finally providing us with access to the suspicious activity reports for the Biden family and their associates’ business transactions.
“It should never have taken us threatening to hold a hearing and conduct a transcribed interview with an official under the penalty of perjury for Treasury to finally accommodate part of our request.
“For over 20 years, Congress had access to these reports but the Biden Administration changed the rules out of the blue to restrict our ability to conduct oversight.
“According to bank documents we’ve already obtained, we know one company owned by a Biden associate received a $3 million dollar wire from a Chinese energy company two months after Joe Biden left the vice presidency.
“Soon after, hundreds of thousands of dollars in payouts went to members of the Biden family.
“We are going to continue to use bank documents and suspicious activity reports to follow the money trail to determine the extent of the Biden family’s business schemes, if Joe Biden is compromised by these deals, and if there is a national security threat.
“If Treasury tries to stonewall our investigation again, we will continue to use tools at our disposal to compel compliance,” he said.
On January 11, 2023, Chairman Comer wrote to Treasury Secretary Janet Yellen for information about the Biden family and their associates’ suspicious business transactions flagged by U.S. banks.
On February 24, 2023, Chairman Comer sent a letter to the Treasury Department outlining its lack of accommodations.
On March 7, 2023, Chairman Comer called on a Treasury Department official to appear for a transcribed interview to explain why the Treasury Department has not provided the requested information.
Now that the Treasury Department is providing in-camera access to the suspicious activity reports, the Oversight Committee’s transcribed interview with Jonathan Davidson, Assistant Secretary for Legislative Affairs, is postponed.
According to Fox News:
The House Oversight Committee has already collected documents and records relating to the Biden family’s business dealings.
Comer subpoenaed Bank of America for more than a decade of financial records belonging to three of Hunter Biden’s business associates.
One of the associates’ records being turned over to the committee belong to Rob Walker.
Walker worked with Hunter Biden, President Biden’s brother Jim, their business associate James Gilliar and Tony Bobulinksi in a joint-venture called Sinohawk Holdings, which was meant to be a partnership with Chinese energy firm CEFC.