by Wendell Husebo, Breitbart:
James Biden secretly negotiated a $140 million settlement deal in 2012 between a U.S. company and the Saudi Arabian government due to his relationship with then-Vice President Joe Biden, court documents reveal.
The revelation represents one more instance of the Biden family business peddling influence while President Joe Biden was an elected official. House Oversight Committee James Comer (R-KY) reportedly already has copies of the court documents and is investigating the scandal as a part of his probe into the Biden family for nine violations, including wire fraud, tax evasion, and money laundering.
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In 2011, upon the Saudi’s refusal to pay $140 million to a U.S. construction company Hill International, James Biden was brought in to negotiate the settlement deal between the U.S. company and the Saudi government because the Saudis “would not dare stiff the brother of the Vice-President who would be instrumental to the deal,” affidavits reported by the Daily Mail show.
House Oversight Committee Chairman Rep. James Comer (R-KY) is seen in front of a newspaper page with a photograph of Hunter Biden and his father President Joe Biden during the Protecting Speech from Government Interference and Social Media hearing with former Twitter employees before the House Committee on Oversight and Accountability on Wednesday February 8, 2023, in Washington, DC. (Matt McClain/The Washington Post via Getty Images)
Notably, James Biden had a prior business relationship with the U.S. company’s subsidiary as executive vice president with a minority stake.
Former U.S. Treasury official Thomas Sullivan, who was working to settle the deal as a private consultant, twice stated in an affidavit that James Biden was hired to negotiate with the Saudis “because of his position and relationship” with then-Vice President Biden. The business negotiation ultimately resulted in a $132 million settlement, court documents reveal.
“[James Biden] stated that he was often sent to meetings to represent Hill because ‘of course, the name didn’t hurt,’” court documents recount Sullivan’s written statement about a sit-down interview with James Biden.
“I asked specifically if he [James Biden] had attended a meeting with the Saudi Ministry of Trade in mid-February 2012 to receive the final payment for the work Hill had performed,” court documents recount Sullivan’s explanation. “He answered that, to the best of his memory, he had been at such a meeting, and that the reason he had attended was ‘because of his position and relationship’ with his brother.”
James Biden began working on the settlement deal in 2011 when the U.S. company asked him to work with its law firm, Lankford & Reed, on the settlement. The U.S. company allegedly asked James Biden to broker the deal with the Saudi government that was failing to pay $140 million.
