Hunter Biden stood to make tens of millions of dollars if he could help a wealthy real estate tycoon in Romania escape corruption charges, so he sought to leverage money from a Chinese company to purchase a stake in the associate's real estate ...
The group involved in the purchase included the Chinese energy company CEFC...a company that came up numerous times in documents off Hunter's laptop ...
The deal, which came about after Biden had already left office, was floated in an apparent attempt to convince Romanian prosecutors to drop the real estate fraud case against Popoviciu.
Romania's central bank held the benchmark rate steady for a ninth-straight meeting, keeping borrowing costs at one of the highest levels in Europe as a recent increase in taxes lifted inflation.
The proposed transaction, stemming from relationships that started while his father was vice president and involving a Chinese partner, underscores the extent of Mr. Biden's questionable business dealings abroad.
Clin Georgescu--once viewed by Romania's corrupt, entrenched political establishment as an "outsider"--stunned Europe and the world in November 2024 by cruising to a first-round victory in the presidential race.