Business Insider: Biden's son asked for $2 million to help unfreeze Libyan assets

Business Insider: Biden's son asked for $2 million to help unfreeze Libyan assets

September 23, 2021 - 21:14
Posted in:
Written By: AbdulkaderAssad

Business Insider said on Thursday that two previously unpublished emails sent by business contacts of Hunter Biden – the son of the US President Joe Biden, indicated that he had requested an annual retainer of two million dollars to help recover billions in Libyan assets frozen by the Obama administration.

“While it appears from the new emails that the Libya deal was never consummated, the documents offer a window into the mechanics of Beltway influence peddling, and the stock that was put in Biden’s political connections — particularly his relationship with his father, who was vice president at the time.” The website added.

It also said the first email, dated January 28, 2015, was sent from Sam Jauhari, a Democratic donor with businesses in the Persian Gulf, who was helping spearhead the Libya project. It was addressed to Sheikh Mohammed Al-Rahbani, another Obama campaign donor involved in the proposal.

"In the email, Jauhari is frank about what Biden would bring to the table, and what he says Biden wanted in return.” Business Insider exclusively reported.

"My recollection was that anything that had to do with Hunter started at $2 million,” said Jauhari and his partners, according to other documents obtained by Business Insider.

It added that Hunter Biden was expected to pocket as much as 5% of whatever sanctioned money they could free up for Libya.

"That meant a possible payday in the hundreds of millions. It’s unclear whether any success fees for Biden would have been pegged in some way to those proceeds.” Business Insider added.

It's worth mentioning that Obama administration froze 15 billion dollars of Gaddafi-era Libyan assets.

Business Insider said the White House refused to comment and a lawyer for Al-Rahbani said his client was certain he didn't talk to Hunter Biden about such a matter.