Investigators release details on bank record trail leading from China to Biden family

House Oversight Committee Chairman James Comer (R-Ky) on Thursday released a summary of the first bank records showing how a $3 million payment from a Chinese company came into the United States, was broken up and eventually infused $1.3 million into the accounts of President Joe Biden's family members.

"Pursuant to a subpoena, the Committee recently obtained financial records related to Mr. John Robinson Walker, a Biden family associate, and his company Robinson Walker, LLC," Comer's committee reported in a new memo summarizing its investigative findings.

"Prior to issuing the subpoena, the Committee received information that Mr. Walker used his company to transfer money to Biden family members. The bank records proved that information correct," the report said.

The committee said it traced a $3 million payment that was sent from a Chinese company to Walker in March 2017 -- just two months after Joe Biden stepped down as vice president -- and then money totaling $1.3 million was distributed to accounts tied to Hallie Biden, the widow of the late presidential son Beau Biden, presidential brother James Biden and presidential son Hunter Biden.

A fourth account listed only as "Biden" also received money, the committee said. It is trying to determine which family member it belongs to, Comer said.

You can read the full report here.

"The Committee is concerned about the national security implications of a President’s or Vice President’s immediate family members receiving millions of dollars from foreign nationals or companies without any oversight. Current financial disclosure laws and regulations do not require non-dependent family members to provide any information to the public," the report said.

Since Comer became chairman of the House Oversight Committee, he has made investigating President Joe Biden's overseas business dealings a top priority, telling Just the News on Wednesday that he now has some evidence Joe Biden benefited from some of the foreign monies routed to his family. 

"One thing that we've learned is there are a lot of different bank accounts that they were funneling money from China to the Bidens," Comer told the "Just the News, No Noise" TV show Wednesday. "That in itself shows some type of suspicious activity because most people that have a credible business or an investment firm have one account or two accounts. But there are over a dozen accounts."