Jim Biden’s alleged business ties to Qatar may be deeper than previously thought
New information has been revealed about the alleged business links between Jim Biden (brother of President Joe Biden) and the Qatari Government.
According to testimony provided by Michael Lewitt in a Kentucky bankruptcy case, a fund manager and former business partner of Jim Biden, two companies involved in Jim Biden’s efforts to raise money for U.S. Healthcare ventures, were owned by “members” of the Qatari Government.
The first company mentioned during Lewitt’s testimony was a direct partner with Jim Biden in his fundraising efforts. The second company, “provided the financial backing for loans that a large hospital chain paid Jim Biden arrange.”
Jim Biden, after leaving the Obama administration as vice president, is said to have solicited Qatari money for US ventures. This was a few month’s time after Biden had left his position. According to the outlet, public records and emails show that Jim Biden tried to find a way around international money transfer restrictions.
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Lewitt’s testimonies suggest that Jim Biden has deeper ties with the Qatari government than previously thought. Lewitt will be interviewed by House impeachment investigation investigators. A date has yet to be set.
Qatar was experiencing diplomatic tensions when Jim Biden started recruiting fundraisers for his healthcare company, where he worked with Americore. In 2017, neighboring countries cut diplomatic ties due to the Middle Eastern nation’s alleged support for terrorism. Qatar has strengthened its relations with the US and European countries as a result.
Jim Biden and Platinum Group CEO Amer Rustom teamed up, as both had connections to the Middle East. Jim Biden, along with Amer Rustom, drafted a letter for the Qatar Investment Authority (the country’s sovereign fund) boasting of his family’s connections.
“My family can provide an abundance of introductions and opportunities for business at the highest level that I believe will be worthy of His Excellence’s interest,” and “On behalf the Biden family I welcome your interests here.”
In 2018, fundraising efforts gained more momentum after Jim Biden’s wife Sara Biden contacted a Platinum Group executive Julie Lander via email and sent a draft of a presentation to a possible investor.
Lander wrote: “I’m following up on the meeting with the Minister.” Your approach to him was flawless. “He requested more information about Americore.”
She described Jim Biden, “Brother of Joe Biden and former Vice President’s Campaign Finance Chair” in the presentation.
Third Friday, Lewitt’s investment fund made several loans to Americore in order to keep it alive until the $30 millions arrived.
Americore’s fundraising efforts were stymied by legal issues, which amounted in part to the transfer of investments across borders. Jim Biden stated that Rustom & Lewitt are “waiting on World Bank approval.”
Later, he expressed his frustration at the roadblocks in Rustom.
He wrote: “The $30m was committed over two months ago, and we made decisions based on the available line of credit.” “Things happened that were completely understandable in the interim, but it is still the case that the $5m at this time are critical to the overall picture. “
Politico reports that “Jim Biden, Lewitt, and Qatar’s former finance minister Ali Sharif Al Emadi traveled to Qatar mid-2018 to raise funds, but it is unclear whether any meetings between Jim Biden, and Qatari then-finance Minister, Ali Sharif Al Emadi took place.”
Lewitt expressed his confidence that the loans made to Americore will be repaid in a timely manner by Dubai.
Lewitt wrote: “Nothing changes regarding what I will do re Americore, since I will still be responsible for the Dubai$$$ and will have the additional worry of being driven through the desert ….LOL.”
The legal battles over the fundraising campaigns have intensified.
Investors from Lewitt’s company sued him in 2022 claiming that he had embezzled money through Americore and other companies to Jim Biden. Third Friday’s loan to Americore was being investigated in a Florida federal court, along with other dealings involving Jim Biden and Lewitt. Rustom, Platinum Group, and Jim Biden were also involved. Lewitt, the Rustom Brothers and Jim Biden are also involved in an ongoing commercial dispute.
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