According to Fox News, Bank of America has been subpoenaed by the House Oversight Committee for records concerning Hunter Biden’s business activities.
The bank has already started providing documents to the committee, which have led to new leads in the investigation of the Biden family’s business practices.
The subpoena, issued by Committee Chairman James Comer, requests all financial records from three of Hunter Biden’s business associates dating back to January 20, 2009, up to the current time.
A spokesperson for the Oversight Committee informed Fox News Digital that the committee has issued a subpoena and acquired financial records related to the Biden family’s alleged influence peddling. The obtained documents have helped clarify several areas of concern and have also opened up new leads in the investigation into the Biden family’s business practices.
According to a letter from committee Ranking Member Jamie Raskin, D-Md., the news of the subpoena emerged this week. Raskin accused Republicans on the panel of conducting a biased investigation, characterizing it as “political opposition research on behalf of former President Trump.”
The GOP subpoena demands that Bank of America provide all financial records for three individuals dating back 14 years, from January 20, 2009, to the present day.
“To justify this roving congressional inquisition into the affairs of at least one private American citizen, you have offered that, ‘[b]y 2017, Biden family members and their associates, including John R. Walker, formed a joint venture with CEFC China executives,’ a reference to a now-bankrupt Chinese energy conglomerate,” Raskin wrote. “Despite this limited justification, you compelled the production of and obtained thousands of pages of Mr. Walker’s private financial information, including statements of his and his wife’s joint checking account for a decade.”
In Raskin’s letter, it was mentioned that Bank of America is providing “thousands of pages” of financial records belonging to John R. Walker, also known as Rob Walker, who is an associate of Hunter Biden.
The identities of the other two individuals whose records are being provided to the committee are currently unknown. Walker was involved in a joint-venture named Sinohawk Holdings with Hunter Biden, President Biden’s brother Jim, their business associate James Gilliar, and Tony Bobulinksi.
The venture was intended to be a partnership with Chinese energy company CEFC.
“I fear this wildly overbroad subpoena suggests that your interest in this investigation is not in pursuing defined facts or informing public legislation but conducting a dragnet of political opposition research on behalf of former President Trump,” Raskin wrote.
A GOP committee spokesperson told Fox News that Raskin’s letter is simply to “try to get ahead of the information the Oversight Committee is receiving in its investigation of the Biden family’s influence peddling.”
“Ranking Member Raskin may want to have his staff conduct another review of the records obtained by the committee, as there are several quite notable developments that have both solidified the committee’s understanding of several areas of concern and opened new avenues of investigation about the Biden family’s business schemes,” the spokesperson said.
Bank of America declined to comment.
In an ongoing Republican investigation into whether members of the Biden family took advantage of Joe Biden’s role as vice president to “sell access around the world,” Committee Chairman James Comer requested records from Eric Schwerin, who is both President Biden’s brother and Hunter Biden’s business partner. The request was made last month.
The committee’s probe coincides with the ongoing federal investigation into Hunter Biden, which has been ongoing for five years. Hunter Biden has been the subject of a federal investigation since 2018 due to his tax affairs. Some foreign transactions raised suspicions, leading to the investigation, which involved suspicious activity reports (SARs). The SARs were linked to funds originating from “China and other foreign nations,” as reported by sources familiar with the investigation.