Grassley Names Hunter Biden In Probe Of Transfer Of Sensitive Technology To China During Obama Administration
Hunter Biden, son of former VP Joe Biden, now a leading 2020 Democratic presidential contender, has been named as a source of a potential conflict of interest in a probe initiated by Sen. Chuck Grassley involving the purchase of an American company that made anti-vibration technologies by a state-owned Chinese aviation company and an investment firm with ties to the Communist Party.
In a letter to Treasury Secretary Steven Mnuchin dated Aug. 14, Grassley said he wants a copy of the National Security Threat Assessment linked to the sale and transaction. In addition, the Iowa Republican is seeking details about the approval timeline while inquiring about whether the White House was briefed on the relevant deliberations.
The Committee on Foreign Investment in the United States, which has its origins in the Obama administration, approved the transaction when Joe Biden was still serving as vice president.
Hunter Biden and Chris Heinz, son of former U.S. senator and Obama Secretary of State John Kerry, each had financial stakes in Bohai Harvest RST, the China-linked firm that acquired Henniges, the maker of the anti-vibration technology.
“The appearance of potential conflicts in this case is particularly troubling given Mr. Biden’s and Mr. Heinz’s history of investing in and collaborating with Chinese companies, including at least one posing significant national security concerns,” Grassley wrote. “This history with China pre and post-dates the 2015 Henniges transaction.”
The Epoch Times reported:
Grassley cites several examples which suggest that conflicts of interest may have tainted the approval process. In an early example, Hunter and Joe Biden flew to China in December of 2013, one month after the merger involving the Hunter Biden-founded firm which created Bohai Harvest RST. During the trip, Hunter Biden helped arrange a meeting between Jonathan Li, the CEO of Bohai Capital, and then-Vice President Biden. Hunter Biden then had a private meeting with Li. After the trip, the business license of Bohai Harvest RST was approved.
A year later, in December of 2014, Bohai Harvest RST invested in China General Nuclear Power Corp. Roughly five months later, the Department of Justice charged China General Nuclear Power with conspiracy to develop special nuclear material outside the United States.
Henniges was acquired for $600 million in September 2015. The Aviation Industry Corporation of China joined with Bohai in order to take over the U.S. company, with each acquiring 51 percent and 49 percent of Henniges respectively.
CFIUS signed off on the acquisition despite the fact that the Chinese aviation firm was involved, reportedly, in the theft of sensitive military technology related to the F-35 Joint Strike Fighter program.
The stolen data was eventually incorporated into the Chinese air force’s new J-20 and J-31 stealth fighter aircraft.
“Recent reporting shows an overwhelming risk of conflicts and national security concerns in the Henniges acquisition that require additional Congressional scrutiny to ensure that the CFIUS process worked as designed, free of any political pressure and influence,” Grassley wrote.
Others have questioned the ties between the Biden family and China in the past. Read More At National Sentinel