President Biden Received $200,000 from Brother Amid Mideast Investment Efforts, Bank Records Reveal

Investigations led by House Oversight Committee raise concerns over the President's involvement and potential personal benefit from family's business dealings, including a substantial loan repayment from his brother.

President Biden is alleged to have received $200,000 from his brother James in 2018, presented as a 'loan repayment', amid his family's business dealings with a US hospital chain and efforts to secure Middle Eastern investors.
James Biden secured $600,000 in loans from Americore Health, a since-defunct rural hospital operator, using his last name and political connections to obtain the investment.
An inquiry led by the House Oversight Committee has obtained bank records showing the transaction between the Bidens, raising concerns about potential financial benefits the President might have received from his family's business dealings.
There is significant evidence of Joe Biden interacting with relatives’ partners from foreign countries such as China and Ukraine, despite previous statements in 2019 claiming he had no involvement in his relatives' businesses.
House Republicans have launched an impeachment inquiry last month, subpoenaing records from James and Hunter Biden, probing whether President Biden had received direct financial benefits from these foreign dealings.