On Monday, House Oversight Committee chairman Rep. James Comer (R-KY) demanded that the Treasury Department testify about their continued withholding of documents related to the Biden family business — as the family is currently being investigated for nine violations, including money laundering and wire fraud.
The Treasury Department is reportedly withholding 150 Suspicious Activity Reports (SARs) that had been flagged by banks in the United States concerning the Biden family’s foreign business bank transactions. SARs often contain evidence of potential criminal activities, including money laundering and fraud.
In January, the department denied the Oversight Committee’s request to disclose the SARs, prompting Comer to threaten to issue a subpoena.
Before going so far as to subpoena the information, Comer has demanded that the Treasury Department appear to testify before the committee on March 10 about withholding the reports — citing “improper disclosure” of information that has the potential to reduce the Biden administration’s ability to “conduct of law enforcement, intelligence, and national security activities.”
“Given the amount of time that has passed since our initial request and Treasury’s inability to provide a projected timeframe when the SARs will be produced, the committee believes Treasury may be delaying its production to hinder our investigation and operating in bad faith,” the Oversight Committee chairman wrote on Monday. “Treasury’s excuses and delay tactics are unavailing given you have known about our request since last year and previously produced relevant SARs to others.”
“Therefore, I write to invite you to testify at a hearing before the full Committee to be held on March 10, 2023, at 9 a.m. EST in room 2154 of the Rayburn House Office Building,” Comer said. “This hearing will examine the various justifications you have provided the Committee regarding Treasury’s failure to produce documents requested of it, including SARs.”
The Treasury Department is obstructing our investigation into the Biden family’s business schemes.
— Oversight Committee (@GOPoversight) February 27, 2023
As the Treasury Department continues to stonewall on the issue, and President Joe Biden has repeatedly refused to answer questions about his family’s shady business dealings, many have argued that these SARs may contain significant evidence. The fact that they have been trying so hard to hide the documents lends credibility to speculation about the potential crimes committed by the Biden family.
The Biden family’s bank records are likely to contain a trove of information, including details about how the family business operates and potential details about the president’s role in the business and whether he is compromised by it.