Senate Republicans have released their long-awaited report on Hunter Biden’s work for Ukrainian gas company Burisma Holdings during his father’s time as vice president.
The 87-page report was released Wednesday by Senate Homeland Security and Governmental Affairs Committee Chairman Ron Johnson (R-Wis.) and Senate Finance Committee Chairman Chuck Grassley (R-Iowa), who oversaw the probe since it was launched last year.
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.
“Even though Hunter Biden’s position on Burisma’s board cast a shadow over the work of those advancing anticorruption reforms in Ukraine, the Committees are only aware of two individuals who raised concerns to their superiors,” it continued, “Despite the efforts of these individuals, their concerns appear to have fallen on deaf ears.”
The Senate report alleges that Hunter “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 committees also said 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 report adds, “The records also note that some of these transactions are linked to what ‘appears to be an Eastern European prostitution or human trafficking ring.’”
Biden had no material experience to serve on the board of the energy and gas company, but was given a high-paying seat regardless.
Biden spokesman Andrew Bates slammed Johnson and his investigation, arguing the Wisconsin senator “wasted months diverting the [committee] away from any oversight of the catastrophically botched federal response to the [COVD-19] pandemic,” and that Johnson’s efforts “subsidize a foreign attack against the sovereignty of our elections with taxpayer dollars.”
Bates added Johnson’s inquiry was “an attack founded on a long-disproven, hardcore rightwing conspiracy theory” linking Joe Biden’s public boast of forcing the firing of Ukrainian prosecutor Viktor Shokin — in exchange for $1 billion in US loan guarantees — to an investigation of Hunter Biden’s employer.
Johnson and Grassley ardently defended the probe as they continued to investigate, despite Democrats and even some Republicans on the Homeland Security panel urging caution before moving forward.
Those senators cited fears that the investigation could aid efforts by Russians to spread disinformation and act as a smear campaign for then-Democratic primary frontrunner Joe Biden.
Hunter has previously stated that while he regrets joining the board because it exhibited “poor judgment,” he stood by the assertion that he had done nothing improper.
“Did I do anything improper? No, not in any way. Not in any way whatsoever,” he said during an interview with ABC News last October.
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