New details emerge on federal probe into Hunter Biden

The federal probe into Hunter Biden’s business practices is broader than previously known, with multiple sources telling CBS News the probe is looking into whether the younger Biden and his associates violated tax laws. , money laundering and foreign lobbying.

Trade records reviewed by CBS News and documents released by Republicans to Congress indicate that Hunter Biden and his company were involved in multiple financial transactions with a Chinese energy company called CEFC. Republicans claim the company is an arm of the Chinese government.

In 2017, a year after Joe Biden left the vice presidency, a Chinese energy company official signed a $1 million retainer for Hunter Biden’s services as a lawyer.

The new client, Patrick Ho, head of CEFC, was later found guilty of international bribery and money laundering unrelated to work in Africa.

This week in the Senate, Republican Chuck Grassley presented financial records the Senate obtained which he said showed six-figure payments from the Chinese energy company to Hunter Biden’s company, which included the president’s brother. Biden, James Biden.

“Hunter Biden and James Biden were the perfect vehicle through which the Chinese government could win inroads here in the United States,” Grassley said.

A lawyer for Hunter Biden did not respond to CBS News’ request for comment. CBS News was unable to reach a representative for James Biden for comment. Last year, Hunter Biden told CBS News correspondent Anthony Mason that the president had not benefited financially, directly or indirectly, from his business ventures.

Attention to Hunter Biden’s foreign affairs connections has re-emerged as a political issue in recent days. Questions about then-candidate Biden’s son came to a head during the 2020 campaign. After the election, the White House left the Trump-appointed federal prosecutor in Delaware in place – White House officials said to avoid any suggestion that they were interfering in the investigation.

Earlier this month, White House press secretary Jen Psaki said any answers to questions about the investigation should come from the Justice Department or Hunter Biden’s representatives.

“I am a spokesperson for the United States,” Psaki added. “He does not work in the government.

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