Sources told The Post that a real estate company that has ties to first son, Hunter Biden, received more than $100 million from a Russian billionaire a decade ago for property investments across the US.
Elena Baturina, one of Russia’s richest women, widow of former Moscow mayor and close aide of Moscow dictator Vladimir Putin, has injected huge cash into Rosemont Realty.
In a portfolio deal, Baturina paid Rosemont at least $40 million to invest in office buildings across the country, according to a source with knowledge of the transaction.
The deal went toward the purchase of seven office buildings in Texas, Colorado, Alabama, New Mexico and Oklahoma in 2012, according to emails related to the deal. DailyMail.com,
The investment reportedly came from Inteco Management AG – a Swiss company owned by Baturina.
This is not the first time President Biden’s 52-year-old son has been linked to Baturina, whose late husband Yuri Luzhkov was mayor of the Russian capital for more than 18 years before being sacked by then-President Dmitry Medvedev in 2010.
Baturina, who has an estimated net worth of $1.4 billion, Transmitted $3.5 million in 2014 In a bank account held by Rosemont Seneca Thornton – a consortium formed between Hunter’s investment company, Rosemont Seneca, and the Boston-based Thornton Group.
Like Rosemont Realty, Rosemont Seneca Thornton is an offshoot of Rosemont Capital Partners, A private equity form co-founded by Hunter Biden and Chris HeinzThe stepson of former Secretary of State John Kerry and the son of the late Senator Chris Heinz of Pennsylvania.
The 2014 transfer was later investigated in a 2020 report commissioned by Senate Republicans investigating Hunter’s ties with Ukraine after Baturina in the Suspicious Activity Report filed by banks to the US Treasury Department. The transfer was marked.
Hunter’s attorney, George Messiers, denied Biden’s son benefited from that transaction, telling CNN at the time: “Hunter Biden was not interested and was not a co-founder of the Rosemont Seneca Thornton, so this The claim that he was paid $3.5 million is false. ,
GOP Report – Sense. Ron Johnson (R-Wis.) and Chuck Grassley (R-Iowa) – described Baturina’s involvement with Hunter as “a financial relationship”, but did not touch on why the wire transfer took place was.
The question of who pocketed the $3.5 million has never been settled.
Less than two months after the wire transfer, Hunter and his then-business partner Devon Archer met Baturina in April 2014 at the Villa d’Este—a famous haunt of Russian oligarchs overlooking Italy’s Lake Como.
Baturina’s name also surfaced in connection with a potential real estate deal in New York’s Chelsea neighborhood that same month, as well as a Latin American cocoa venture, according to emails from Hunter’s infamous laptop.
Despite refusing to discuss his son’s business deals, Biden attended a dinner at Cafe Milano In Washington DC with his troubled son’s business associates in April 2015.
According to a copy of the guest list Hunter emailed to Archer three weeks ago, Baturina and Luzhkov, who died in 2019 after complications from heart surgery, were invited to the dinner.
While the records on the laptop do not make it clear whether Baturina ended up over dinner, Archer emailed Hunter prior to the incident that she did not wish to attend.
“Yelena does not want to steal Yuri” [sic] thunder, so she’ll be in town to meet us, but doesn’t want to come to dinner,” Archer wrote on March 20. “That was just her thoughts. We could insist. ,
The emails detailing Baturina’s $40 million real estate investment came from a leak obtained by the Kazakhstan Initiative on Asset Recovery, an anti-corruption group focusing on the former Soviet republic.
Messages were exchanged between Archer and Kenes Rakishev – a Kazakhstani businessman who was photographed with Hunter and Joe Biden at the Café Milano diner.
“Inteco, which I know you know, is taking a significant equity piece… we would love to have you on board,” Archer wrote in an email to Rakhishev.
“I know you mentioned you were less interested in real estate, but it’s a deal we’re closing next month and it’s too tempting not to share.”
Hunter’s lawyers did not immediately respond to the Post’s request for comment.