Marvin Yang, a former top executive at CEFC China Energy Co. and a business associate of the Biden family, was recently subpoenaed by House Oversight Committee Chairman James Comer (Republican-Kentucky).
As a former CEFC employee, Yan was an integral member of a Chinese energy conglomerate with strong ties to the Chinese Communist Party. Yan is believed to be one of the few CEFC officials who have not been detained or arrested.
Watch: White House Spox avoids questions about China payments to Biden family: ‘I’m just not going to answer’:
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In 2018, CEFC chairman Ye Jianming, who had many ties to China’s military intelligence, was detained in China on bribery charges. Through Ye, Hunter developed a relationship with his associate Patrick Ho. In 2019, Ho declared Sentenced to three years in prison for being involved in a scheme to bribe senior Chadian and Ugandan officials in exchange for CEFC business benefits.
Yan maintains a much lower profile than Ye and Ho. However, emails from Hunter’s abandoned laptop showed Yang was aware of the money exchanged between the Biden family and CEFC, including Hunter’s legal holder of $1 million and additional Biden family deals. It shows that
Yang did not respond to comments from Breitbart News about whether he complied with Comer’s subpoenas or whether his information reveals wrongdoing in the Biden family. He also declined to comment on whether President Biden had information that suggested his family’s business dealings with organizations favored by the Chinese Communist Party.
Comer subpoenaed Yang for his role in the Biden family’s business with CEFC, an entity that has done many deals with the Biden family. In 2017, CEFC negotiated a joint venture with Mr. and Mrs. Biden in which the “Big Guy” would acquire a 10% stake in him. That same year, CEFC provided the Biden family with an interest-free loan. Hunter also received a large diamond worth an estimated $80,000 from Ye in 2017.
Watch: Burnett on CNN: New Biden family payment proof ‘doesn’t look good’:
Additionally, CEFC had plans to invest in US infrastructure. setting Corresponding entities, Hudson West IV and SinoHawk. Hunter and James Biden controlled those entities. In March 2018, James requested payment for legal services and provided CEFC “wiring instructions” for the funds to be transferred to Hudson West III LLC.
“I have received it. I will respond as soon as possible.” Yang answered to james. The wire transfer went through the next day.
As CEFC’s business continued, Yan became suspicious that Hunter was being honest about Hunter’s business expenses and requested receipts. In response, Hunter threatened to sue Jan for failing to pay.In November 2018, Jan said, “On November 2, 2018, he signed documents dissolving Hudson West III LLC. “and, washington post report.
In March, Mr. Kummer revealed that the Biden family received $1.3 million in aggregate from business associates of the Biden family in 2017. Hunter confirmed the $1.3 million CEFC payment, but Joe Biden falsely denied it. “It’s not true,” Joe Biden told reporters.
Kamar didn’t just summon Yang. He also tried to coerce four U.S. banks, Bank of America, Cathay Bank, JPMorgan Chase, and HSBC USA NA, to provide financial documents relating to the family’s business transactions.
According to Senator Chuck Grassley (R-Iowa)’s 2020 report, Cathay Bank received A $1 million wire transfer from HSBC USA NA for Hunter’s legal services, which Yang promised to facilitate.
In 2018 and 2020, Breitbart Senior Contributor and President of the Government Accountability Institute Peter Schweitzer secret empire and Broken profile. Each book is new york times It hit the bestseller list after Hunter and Joe Biden flew to China aboard Air Force Two in 2013, before Hunter’s company signed a $1.5 billion deal with the Chinese government’s Bank of China subsidiary. Schweitzer’s research also revealed other large and lucrative foreign deals and cronyisms of the Biden family.Breitbart Political Editor Emma Joe Morris new york post In Hunter Biden’s “Laptop From Hell,” she also garnered international headlines when she, along with Miranda Devine, revealed that Joe Biden was closely involved in Hunter’s business . Ten Investing in companies founded by descendants with top officials of the Communist Party of China.