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Hunter Biden’s real estate company received a $40 million investment from a Russian oligarch, new emails reveal.
The relationship between the president’s son and Yelena Baturina, the billionaire widow of a corrupt Moscow mayor, has already been labeled alarming by a Senate report after she mysteriously transferred $3.5 million to a Hunter-affiliated company.
Baturina’s brother Viktor Baturin told DailyMail.com that the money was “a payment to enter the US market.”
But DailyMail.com can now reveal that Hunter’s financial relationship with Baturina was much more extensive, with her company investing $40 million in a real estate venture through Hunter’s firm Rosemont Realty.
In 2012, Hunter’s company had a $69.7 million plan to invest in 2.15 million square feet of office space in seven U.S. cities.
Documents outlining the plan said the money came from a mix of investors, including $40 million from Inteco Management AG, a Swiss company owned by Baturina.
The Inteco group is a plastics and construction giant that made Baturina the richest woman in Russia at the time. She has a current net worth of $1.4 billion according to Forbes.
Hunter Biden’s company Rosemont Realty received a $40 million investment from Russian oligarch Yelena Baturina, DailyMail.com can reveal
Documents in Russian show Rosemont Realty investors, including Inteco Management AG, a Swiss company owned by Baturina. Their investment is $40 million
Baturina is the billionaire widow of corrupt Moscow mayor Yuri Luzhkov and was once the richest woman in Russia with a current net worth of $1.4 billion. Pictured with Luzhkov in 2007
Russian President Vladimir Putin (left) and Yuri Luzhkov’s widow Baturina attended a farewell ceremony for Luzhkov together
The documents show that Hunter’s financial ties to Baturina started years earlier than previously thought – and were much more important.
His dealings with foreign billionaires are currently under investigation by federal prosecutors, who are reportedly investigating possible money laundering, illegal lobbying and alleged tax crimes.
Baturina has declined to discuss her suspicious transactions. But her brother, Viktor Baturin (pictured), 63, has told DailyMail.com the money was “a payment to enter the US market”
Hunter’s dealings with the Russian billionaire first made headlines in September 2020 when the Senate Homeland Security Committee released a report denouncing her unexplained wire transfers to a company linked to the president’s son.
On February 14, 2014, Baturina transferred $3.5 million in a series of payments to Rosemont Seneca Thornton LLC for ‘Consultancy Agreement DD12.02.2014’.
According to the report, Hunter founded the company a year earlier with his best friend Devon Archer, a former Abercrombie & Fitch model and adviser to John Kerry, who is now in prison for fraud.
The transactions were flagged in suspicious activity reports filed with the US Treasury Department.
Baturina has refused to discuss them. But her brother, Viktor Baturin, 63, told DailyMail.com the money was “a payment to enter the US market.”
Hunter’s attorney George Mesires previously denied that the money had gone to Hunter.
“Hunter Biden had no interest in and was not a co-founder of Rosemont Seneca Thornton, so the claim that he would have received $3.5 million is false,” he told CNN in September 2020.
In 2015, Baturina established a US office to oversee her US investments, and in 2016 she put $10 million in commercial buildings adjacent to the Barclays Center in Brooklyn, New York.
But according to the new emails obtained by DailyMail.com, Baturina had already signed 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.
Hunter’s friend and partner at Rosemont Realty, Devon Archer (right), tried to get Kenes Rakishev (left) to invest in their US office building with Baturina, emailing him details of the deal in May 2012.
An email from Hunter’s business partner Devon Archer to Kenes Rakishev reveals that Inteco Management AG, a Swiss company owned by Baturina, was an investor in Hunter’s company Rosemont Realty.
Archer added a three-page document written in Russian outlining the deal. DailyMail.com translated it. The document states that the seven offices would be purchased by a partnership formed in March 2012 that “Rosemont Realty has entered into real estate purchase contracts for $212.58 million.”
The emails come from a leak obtained by an anti-corruption group, the Kazakhstani Initiative on Asset Recovery. The emails were sent to Kenes Rakishev, a Kazakh businessman worth more than $950 million, who became friends and business partners with Hunter.
Rakishev was photographed with Hunter and then Vice President Joe Biden at an infamous meeting at Cafe Milano in Washington DC in 2015.
Baturina and her husband, who died in 2019, were also invited to Hunter’s business associates’ meeting to meet his powerful father.
Hunter’s friend and partner at Rosemont Realty, Devon Archer, tried to get Rakishev to invest in their US office building with Baturina, emailing him details of the deal in May 2012.
“I know you said 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 in a leaked email to Rakishev.
“Inteco, who I know you know, is taking a significant share of equity… We’d love to have you on board.”
Archer added a three-page document written in Russian outlining the deal. The document states that the seven offices would be purchased by a partnership formed in March 2012 that “Rosemont Realty has entered into real estate purchase contracts for $212.58 million.”
The deal included approximately $52 million in cash and $160 million in mortgages.
Kenes Rakishev (left), a Kazakh businessman worth more than $950 million who became friends and business partners with Hunter, can be seen in a photo with Hunter, Joe Biden and Kazakhstan Prime Minister Karim Massimov
Rosemont Realty has contributed at least $15 million in its own cash in addition to Baturina’s and other investors, the document said.
“The Managing Partnership will receive a total investment of $69.7 million from the partners. The CEO will invest at least $15,000,000 in equity capital on the same terms as all partners in the investment partnership,” it reads.
Archer was listed as executive director of Rosemont Realty on the emails and deal documents.
The former Abercrombie & Fitch model is now serving a one-year prison sentence for defrauding a Native American tribe in a complex $60 million bond scheme.
Representatives from Hunter and Baturina did not respond to requests for comment.