The House Oversight Committee has issued subpoenas to several banks, including Bank of America, Cathay Bank, JPMorgan Chase, HSBC, and former Hunter Biden business associate Mervyn Yan, requesting financial records, according to a report from Fox News.
James Comer accused of concealing information
Representative Jamie Raskin, the top Democrat on the Oversight Committee, has accused Committee Chairman James Comer of trying to conceal information from Democrats on the committee.
Comer responded, stating, “Ranking Member Raskin has again disclosed Committee’s subpoenas in a cheap attempt to thwart cooperation from other witnesses. Given his antics with the first bank subpoena, the American people and media should be asking what information Ranking Member Raskin is trying to hide this time?’
“No one should be fooled by Ranking Member Raskin’s games. We have the bank records, and the facts are not good for the Biden family.”
In a memo sent to committee members, the Democratic staff alleged that Republicans have been conducting their investigation in secrecy, without publicizing their subpoenas or notifying Democrats.
The memo stated, “On February 27, 2023, Chairman Comer secretly issued the Committee’s first document subpoena as part of Committee Republicans’ ongoing investigation into the Biden family to Bank of America”.
“This subpoena sought, among other information, ‘all financial records’ from January 20, 2009, to the present — a staggering 14-year period — for John R. Walker, a private US citizen”.
“Yet, because of Chairman Comer’s use of a secret subpoena, Mr Walker was never notified that the Committee had subpoenaed his financial records from Bank of America, he was never notified that Bank of America turned over his records to the Committee, and he was never notified that the Committee was publicly releasing information from these records.”
Cathy Bank intends cooperating with oversight committee
A spokesperson for Cathay Bank confirmed to Fox News that the bank intends to cooperate with the Oversight Committee, stating, “Cathay Bank, a NASDAQ-listed, US financial institution for over 60 years, has cooperated with the House Committee on Oversight and Accountability’s request for information. The bank intends to continue to cooperate with the committee.”
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