Yelena Baturina, the billionaire widow of a corrupt Moscow mayor, was once Russia’s richest lady and is currently worth $1.4 billion. Here’s what she has to do with Hunter Biden’s secret $40 million in Russia.
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According to new documents, a Russian oligarch invested $40 million in Hunter Biden’s real estate firm, reports Mail Online.
A Senate report has already raised concerns about the president’s son’s ties with Yelena Baturina, the billionaire widow of a disgraced Moscow mayor, when she unexpectedly sent $3.5 million to a company tied to Hunter.
The money was “a payment to enter the American market,” as stated to DailyMail.com by Baturina’s brother Viktor Baturin.
However, DailyMail.com can now disclose that Hunter and Baturina had a much deeper financial connection thanks to the $40 million investment made by the latter’s company in a real estate project by Hunter’s Rosemont Realty.
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Hunter’s company had a $69.7 million plan in 2012 to invest in 2.15 million square feet of office space in seven US locations.
According to documents explaining the plan, the funds came from a variety of sources, including $40 million from Inteco Management AG, a Swiss business owned by Baturina.
Baturina became the wealthiest woman in Russia at the time thanks to the Inteco group, a giant in the construction and plastics industries. According to Forbes, she currently has a net worth of $1.4 billion.
According to the documents, Hunter and Baturina had considerably deeper and longer-lasting financial links than previously believed.
Federal prosecutors are apparently looking into possible money laundering, unlawful lobbying, and alleged tax offenses as they probe his ties with foreign billionaires.
Hunter’s connections with the Russian billionaire made headlines for the first time in September 2020, when the Senate Homeland Security Committee issued a report highlighting her inexplicable wire transactions to a firm tied to the president’s son.
On February 14, 2014, Baturina transferred $3.5 million to Rosemont Seneca Thornton LLC in a sequence of payments for ‘Consultancy Agreement DD12.02.2014.’
According to the story, Hunter founded the company a year before with his best buddy Devon Archer, a former Abercrombie & Fitch model and John Kerry advisor who was sentenced to a year in prison for fraud.
The transactions were reported to the US Treasury Department as suspicious conduct.
Baturina has declined to talk about them. However, her brother, Viktor Baturin, 63, told DailyMail.com that the money was a ‘payment to enter the American market.’
Previously, Hunter’s attorney George Mesires denied that the money went to Hunter.
‘Hunter Biden had no interest in and was not a co-founder of Rosemont Seneca Thornton, so the claim that he was paid $3.5 million is false,’ he told CNN in September 2020.
In order to manage her American assets, Baturina established a US office in 2015, and in 2016 she invested $10 million in commercial properties close to the Barclays Center in Brooklyn, New York.
However, according to newly unearthed emails obtained by DailyMail.com, Baturina had previously arranged an investment agreement with Rosemont Realty in 2012 to invest $40 million in the purchase of seven office buildings in Texas, Colorado, Alabama, New Mexico, and Oklahoma.
The emails were discovered through a leak collected by the Kazakhstani Initiative on Asset Recovery, an anti-corruption organization. The emails were addressed to Kenes Rakishev, a Kazakh businessman worth over $950 million who became Hunter’s friend and business partner.
In 2015, Rakishev was spotted in a photo with Hunter and Joe Biden, who was the vice president at the time, during the notorious meeting at Cafe Milano in Washington, DC.
At the gathering of Hunter’s business partners, Baturina and her late husband—who passed away in 2019—were also invited to meet Hunter’s influential father.
In May 2012, Devon Archer, Hunter’s friend and partner at Rosemont Realty, sent him an email with information on the sale in an effort to persuade Rakishev to join Baturina in their US office building venture.
‘I know you mentioned you were less interested in real estate but this is a deal we’re closing next month and it’s just too attractive not to share,’ Archer wrote to Rakishev in one leaked email.
‘Inteco, who I know you know, is taking a significant equity piece… We’d love to have you on board.’
A three-page Russian document describing the arrangement was attached by Archer. According to the document, a partnership formed in March 2012 will purchase the seven offices, and ‘Rosemont Realty has entered into property acquisition contracts for $212,580,000.’
The transaction included around $52 million in cash and $160 million in mortgages.
According to the document, Rosemont Realty was investing at least $15 million of its own funds together with that of Baturina and other investors.
‘The Managing Partnership will receive a total investment of $69,700,000 from the partners. The Managing General Partner will invest at least $15,000,000 of share capital on the same terms as all partners in the Investment Partnership,’ an approximate Russian translation states.
On the emails and deal paperwork, Archer was identified as Rosemont Realty’s executive director.
The former model for Abercrombie & Fitch is currently incarcerated for one year after concocting a sophisticated $60 million bond scheme to swindle a Native American tribe.