A Ukraine member of parliament alleged on Wednesday, Nov. 20 that former Vice President Joe Biden’s son, Hunter Biden, and his partners received money from Burisma Holdings that it stole from Ukrainian citizens.
In April 2014, Hunter Biden procured a position on the board of the Ukrainian natural gas firm Burisma Holdings, in which he was compensated $50,000 a month.
The offered position started after his father Joe Biden became the Obama administration’s point man for Ukraine.
Hunter’s position with Burisma Holdings was terminated earlier this year, in April, the same month his father made the announcement to run for the 2020 presidential race.
During his five years on the Burisma board, Hunter received $3 million in compensation, said Ukrainian Member of Parliament Andriy Derkach.
Speaking at a press conference at the Kyiv-based Interfax-Ukraine news agency on Nov. 14, Derkach said the Prosecutor General’s Office (PGO) announced a new case regarding Burisma’s owner, Mykola Zlochevsky, who was Ukraine’s former ecology minister.
“The PGO document once again confirms the data I had previously published on Burisma and international corruption,” said Derkach.
Derkach stated, “According to Zlochevsky’s suspicion notice, Biden and partners received their $16.5 million for their services to Burisma.”
Derkach stated that the Ukrainian Prosecutor General’s Office has reason to believe that Zlochevsky acquired the funds to pay Hunter Biden and his cronies via “criminal means,” according to a Western Journal news report.
“Biden received funds not due to the successful activity of Burisma or for brilliant business decisions or recommendations,” said Derkach.
“This is the money of Ukrainian citizens. The funds were obtained by criminal means. That’s what they say in the PGO,” stated Derkach at a news conference in Kyiv, according to Interfax-Ukraine.
Based on investigative journalist reports, Derkach stated that Zlochevsky had laundered the money from the Yanukovych criminal organization in the Ukraine using three companies based in Latvia.
Former Prosecutor General Viktor Shokin had repetitively contacted Ukraine’s National Anti-corruption Bureau about Burisma’s illicit activities, said Derkach until it came to Joe Biden’s notice during a visit to Kyiv in December 2015.
Upon Biden’s return in March 2016, the then-vice president ordered Shokin fired by the time he left the country within six hours. Otherwise, Ukraine would not receive the $1 billion in U.S. aid.
“The instrument issued for pressure was the $1 billion credit guarantee that the United States should have provided to Ukraine,” said Derkach, who added, “Biden himself acknowledged the pressure in his speech to the U.S. Foreign Relations Council in January 2018.”
Derkach also revealed that from May 2014 to October 2015, Burisma Holdings paid $4.817 million to Hunter Biden’s investment company Rosemont Seneca Partners that in turn transferred $871,000 to the owner.
According to a report from Real Clear Investigations, a U.S. investor watchdog group stated that Hunter Biden being paid for a position on the Burisma board and at the same time receiving a consultant’s compensation was a conflict of interest that would not muster in the United States.
The group’s investigation showed that Hunter Biden’s pay was exorbitantly high, over 12 times more than other similarly sized companies for a board position.
GOP Rep. Elise Stefanik’s (R-N.Y.) tweet stated, “Impeachment witnesses concede Hunter Biden’s Burisma role raised ‘conflict’ concerns.
— Rep. Elise Stefanik (@RepStefanik) November 20, 2019
“Both witnesses confirmed that Hunter Biden serving on the board of Burisma had the appearance of a conflict of interest,” she stated in another tweet.
VERY IMPORTANT FACTS:
✅Both witnesses confirmed that defensive lethal aid was provided to Ukraine by President Trump, not President Obama.
✅Both witnesses confirmed that Hunter Biden serving on the board of Burisma had the appearance of a conflict of interest. pic.twitter.com/EWe4uREXIN
— Rep. Elise Stefanik (@RepStefanik) November 19, 2019
Includes reporting from The Western Journal