Hunter Biden received $3.5M wire transfer from Russian billionaire: Senate report
Hunter Biden received a $3.5 million wire transfer from Elena Baturina, the richest woman in Russia and the widow of Yury Luzhkov, the former mayor of Moscow, Senate Republicans revealed in their report on the younger Biden’s work in Ukraine.
Baturina is referenced in the 87-page report, which was released Wednesday, addressing her payment to Biden’s investment firm in early 2014.
“Baturina became Russia’s only female billionaire when her plastics company, Inteko, received a series of Moscow municipal contracts while her husband was mayor,” it said in providing background on the businesswoman.
The report described her involvement with Biden as “a financial relationship,” but declined to delve deeper into why the wire transfer was made.
The probe also found that Baturina sent 11 wires transfers between May and December 2015 to a bank account belonging to BAK USA, a tech startup that filed for bankruptcy in March 2019.
Nine of those 11 wire transfers were first sent to Rosemont Seneca Partners, the investment firm founded by Biden and Chris Heinz, stepson of former Secretary of State John Kerry, before being transferred to BAK USA.
All 11 transactions described the payments as “Loan Agreement” in the details section.
The report reads, “[B]etween May 6, 2015 and Dec. 8, 2015, Baturina sent 11 wires in the amount of $391,968.21 to a bank account belonging to BAK USA LLC (BAK USA). Nine of the 11 transactions, totaling $241,797.14 were sent from Baturina’s accounts to a Rosemont Seneca Thornton bank account, which then transferred to the money to BAK USA. The 11 transactions all listed ‘Loan Agreement’ in the payment details section.