James Biden secretly negotiated a $140 million settlement deal in 2012 between a U.S. company and the Saudi Arabian government due to his relationship with then-Vice President Joe Biden, court documents reveal.
The revelation represents one more instance of the Biden family business peddling influence while President Joe Biden was an elected official. House Oversight Committee James Comer (R-KY) reportedly already has copies of the court documents and is investigating the scandal as a part of his probe into the Biden family for nine violations, including wire fraud, tax evasion, and money laundering.
In 2011, upon the Saudi’s refusal to pay $140 million to a U.S. construction company Hill International, James Biden was brought in to negotiate the settlement deal between the U.S. company and the Saudi government because the Saudis “would not dare stiff the brother of the Vice-President who would be instrumental to the deal,” affidavits reported by the Daily Mail show.
Notably, James Biden had a prior business relationship with the U.S. company’s subsidiary as executive vice president with a minority stake.
Former U.S. Treasury official Thomas Sullivan, who was working to settle the deal as a private consultant, twice stated in an affidavit that James Biden was hired to negotiate with the Saudis “because of his position and relationship” with then-Vice President Biden. The business negotiation ultimately resulted in a $132 million settlement, court documents reveal.