Home News Hunter Biden’s real estate firm received over $100m from Russian oligarch

Hunter Biden’s real estate firm received over $100m from Russian oligarch

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A real estate firm linked to eldest son Hunter Biden received more than $100 million from the Russian billionaire for real estate investments across the United States going back a decade, sources told The Post.

A large cash infusion into Rosemont Realty came from Elena Baturina, one of Russia’s richest women, the widow of a former Moscow mayor and a close ally of Moscow tyrant Vladimir Putin. said the source.

In one portfolio deal, Baturina paid Rosemont at least $40 million to invest in office buildings across the country, according to sources familiar with the deal.

The funds were used to purchase seven office buildings in Texas, Colorado, Alabama, New Mexico and Oklahoma in 2012, according to emails related to the deal obtained by the company. DailyMail.com.

The investment is said to have come from Inteco Management AG, a Swiss company owned by Batulina.

President Biden’s 52-year-old son reveals relationship between Baturina and late husband Yuri Luzhkov, who served as mayor of Russian capital for over 18 years until then-President Dmitry Medvedev sacked him in 2010 This is not the first time it has happened.

A large cash infusion into Hunter Biden’s firm, Rosemont Realty, came from Elena Baturina, one of Russia’s richest women, sources told The Post.
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With an estimated net worth of $1.4 billion, Baturina Transferred $3.5 million in 2014 Rosemont Seneca Thornton — to a bank account held by a consortium formed between Hunter’s investment firm, Rosemont Seneca, and Boston-based Thornton Group.

Like Rosemont Realty, Rosemont Seneca Thornton is an offshoot of Rosemont Capital Partners. Private equity firm co-founded by Hunter Biden and Chris Heinzstepson of former Secretary of State John Kerry and son of the late Pennsylvania Senator John Heinz.

The 2014 transfer follows a 2020 report that Senate Republicans asked to investigate Hunter’s ties to Ukraine after Baturina’s transfer was flagged in a suspicious activity report filed by Banks with the U.S. Treasury Department. It was scrutinized by

Hunter’s attorney, George Mesires, denied that Biden’s son profited from the deal, telling CNN at the time: “

A Republican report, overseen by Senators Ron Johnson (R-Wisconsin) and Sen. Chuck Grassley (R-Iowa), described Baturina’s involvement with Hunter as a “financial relationship”, although the wire transfer I didn’t mention why it was done.

The question of who pocketed $3.5 million remains unresolved.

Less than two months after the wire transfer, Hunter and his then-business partner Devon Archer met in April 2014 at Villa d’Este, a popular hangout for Russian oligarchs overlooking Italy’s Lake Como. I met with Baturina.

President Biden and son Hunter
Hunter Biden’s real estate firm, Rosemont Realty, received more than $100 million from Baturina, according to sources.
Reuters

Baturina’s name also popped up in the same month about a possible real estate deal in New York’s Chelsea neighborhood and a cacao venture in Latin America, according to emails uncovered from Hunter’s infamous laptop.

Biden has denied discussing his son’s business dealings. Attended dinner at Cafe Milano April 2015, Washington, D.C., with her troubled son’s business associates.

Baturina and Luzhkov, who died in 2019 from complications from heart surgery, were among those invited to dinner, according to a copy of the guest list Hunter emailed to Archer three weeks ago.

Laptop records don’t make it clear if Baturina attended the dinner, but Archer had emailed Hunter prior to the event saying he didn’t want to attend.

“Yelena won’t steal Yuri’s [sic] So she’ll be in town to see us, but won’t come to dinner,” Archer wrote on March 20. we could argue. “

Baturina is one of the few Russian oligarchs to escape sanctions since Moscow’s February 24 invasion of Ukraine. got attention number of Republican lawmakers at the beginning of the year.

“We have decided to impose sanctions on certain Russian oligarchs out of concern that the United States could use the relationship between Hunter Biden and his father, the President of the United States, to try to influence U.S. policy. If you’re avoiding it, the American people deserve to know it,” a group of 19 House Republicans wrote in a letter to Treasury Secretary Janet Yellen in April.​ ​

Emails detailing Baturina’s $40 million real estate investment were from a leak obtained by Kazakhstan’s Asset Recovery Initiative, an anti-corruption group focused on the former Soviet republic.

Messages were exchanged between Archer and Kenneth Lakishev, a Kazakh businessman who was photographed with Hunter and Joe Biden at a dinner at Cafe Milano.

“As you know, Inteco has acquired a sizeable stake. Please join us,” Archer wrote in an email to Rakishev.

“I know you said you’re not really into real estate, but this is a deal we’re closing next month, and it’s too tempting not to share.”

Hunter’s attorney did not immediately respond to the Post’s request for comment.

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