Hunter Biden has announced through the Biden-Harris transition team that his taxes are now under investigation by the US Attorney's Office in Delaware.
"I am confident that a professional and objective review of these matters will demonstrate that I handled my affairs legally and appropriately," the younger Biden claimed in his statement.
In a statement from the Biden-Harris transition team, the team stated "President-elect Biden is deeply proud of his son, who has fought through difficult challenges, including the vicious personal attacks of recent months, only to emerge stronger."
The investigation reportedly began in 2018 and surrounding Hunter Biden's business operations in China. It is unclear which aspects of Biden's business dealings in China are under scrutiny. Due to Department of Justice policy, the investigation was put on hold during the election but is now being resumed.
Hunter Biden's business dealings have been subject to controversy due to his involvement with China, a chief rival of the United States which Hunter's father will have to manage as President. The whistleblower and former Hunter Biden business partner Tony Bobulinski said in an interview with FOX News commentator Tucker Carlson that he believes the Biden family to be "compromised" by China.
The news comes only five days before the elder Biden is expected to be declared the official winner of the electoral college, although the results have been heavily disputed by Republicans. It also comes after a highly contentious election where Hunter Biden's business dealings faced considerable controversy.
Controversy surrounding Hunter Biden's business dealings first arose in October after his laptop, which he left at a repair shop in Delaware, was revealed to have been handed over to the FBI by the repair shop owner.
Among other things, it was revealed that the younger Biden was doing business in foreign countries, including Ukraine, while his father was Vice President. While Joe Biden claimed to not have any involvement with his son's business dealings, Bobulinski suggested that not only had the former Vice President known about his son's business dealings, but actively profited from them.
In particular, one email between Hunter Biden and another Burisma executive referenced holding money for the "big guy," which Bobulinski alleged refers to Joe Biden.
This is a developing story.