The money was for a real estate deal with a Russian billionaire.
QUICK FACTS:
- Hunter Biden reportedly engaged in a $40 million real estate deal in 2012 while his dad, then Vice President Joe Biden.
- The deal was with the Russian billionaire and wife of former Moscow Mayor Yelena Baturina.
- This business endeavor was connected to the previously reported $3.5 million fee Baturina paid Hunter’s real estate company to access the American business market.
- Hunter Biden’s dealings with the billionaire obligated him to identify profitable United States investments for the foreigners he was involved with.
- Details of this deal came as part of documents obtained by an anti-corruption group, the Kazakhstani Initiative on Asset Recovery.
DEAl DETAILS:
- Funding for the $40 million Baturina invested reportedly came from her Swiss company Inteco Management AG, which is a plastics and construction company.
- Screenshots from Hunter’s prospectus were provided to the Kazakhstani Initiative on Asset Recovery by Baturina’s brother Kenes Rakishev, a well-connected Kazakh businessman and Hunter’s partner.
- “Rosemont Realty has entered into property acquisition contracts for $212,580,000,” the prospectus stated.
- “The Managing Partnership will receive a total investment of $69,700,000 from the partners. The Managing General Partner will invest at least $15,000,000 of share capital on the same terms as all partners in the Investment Partnership.”
BACKGROUND:
- The FBI reportedly has “voluminous evidence” that Hunter Biden was involved in “potentially criminal conduct.”
- Included in the evidence is information about his business dealings with China and Ukraine.
- Sen. Chuck Grassley (R-IA) has released information from whistleblowers in the past and alleges evidence that Hunter Biden’s criminal activity was wrongly labeled “disinformation” by the FBI.
