Senate Republicans release explosive report on Hunter Biden, Burisma The Senate Homeland Security and Finance Committees on Wednesday released an interim report on their monthslong joint investigation into Hunter Biden’s role on the board of Ukrainian natural gas firm Burisma Holdings and his alleged “extensive and complex financial transactions.” Homeland Security Committee Chairman Ron Johnson, R-Wis., and Finance Committee Chairman Chuck Grassley, R-Iowa, said their investigation has “faced many obstacles” from Democrats on their committees and that executive agencies “failed to comply with document requests.” The investigation, and subsequent report, was hampered with delays, first due to impeachment proceedings earlier this year and then by the coronavirus pandemic. The probe found that in 2015, two Obama administration officials voiced concerns to White House officials about the possibility that the younger Biden serving on the board of Burisma could create the appearance of a conflict of interest, as his father oversaw Ukraine policy. The report states that the Obama White House knew that Hunter’s position prevented “the efficient execution of policy with respect to Ukraine.” “This investigation has illustrated the extent to which officials within the Obama administration ignored the glaring warning signs when the vice president’s son joined the board of a company owned by a corrupt Ukrainian oligarch,” the report’s executive summary stated. The report also stated that Hunter Biden “formed significant and consistent financial relationships” with the founder of Burisma, Mykola Zlochevsky, and that his and his business partner Devon Archer’s firms “made millions of dollars from that association” while his father was vice president. The Senate committees also revealed in the report that they obtained records from the U.S. Treasury Department, which “show potential criminal activity relating to transactions among and between Hunter Biden, his family, and his associates with Ukrainian, Russian, Kazakh and Chinese nationals.” The committees stated that they received records that Hunter Biden “sent thousands of dollars” to individuals who have “either been involved in transactions consistent with possible human trafficking; an association with the adult entertainment industry; or potential association with prostitution.” “The records also note that some of these transactions are linked to what ‘appears to be an Eastern European prostitution or human trafficking ring,’” the report stated. Meanwhile, the report states that Senate investigators found millions of dollars in “questionable financial transactions” between Hunter Biden and his associates and foreign individuals, including the wife of the former mayor of Moscow as well as individuals with ties to the Chinese Communist Party. According to the report, an investment firm co-founded by Hunter Biden, Rosemont Seneca Thornton, “received $3.5 million in a wire transfer” from Elena Baturina, the wife of the former mayor of the Russian capital. The report goes further and alleges that not just Hunter Biden but other members of the Biden family “were involved in a vast financial network that connected them to foreign nationals and foreign governments across the globe.”
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