Cathay General Bancorp is the holding company for Cathay Bank. Cathay Bank has branch locations in nine U.S. states as well as Hong Kong, and overseas representative offices in Beijing, Shanghai, and Taipei. (Credit: public domain)
“Wisconsin GOP Sen. Ron Johnson says the financial institution Cathay Bank has given Senate Republicans records showing millions of dollars going from Chinese companies to President Biden’s son Hunter Biden.
Republicans and others started raising concerns during President Biden’s successful 2020 White House campaign, if not earlier, that Hunter Biden used the family name and influence while his father was vice president to make millions in overseas business deals, which also could have compromised U.S. national security.
Johnson told The Washington Times the records show the Biden family involved with the now-defunct CEFC China Energy, which had connections to the Chinese Communist Party.
The firm reportedly gave $1 million to Hudson West III, which was a joint venture owned by Hunter Biden and Gongwen Dong, a business associate of CEFC’s founder and chairman, Ye Jianming, according to the bank records.
“In my mind,” said Johnson, “it’s the Chinese government telling Joe Biden, ‘We got the goods on you, buddy. And we’re willing to dish it up.'” (Read more: JusttheNews, 4/12/2023) (Archive)