Hunter Biden reached a $40 million real estate deal in 2012 with Russian billionaire and wife of the former mayor of Moscow, Yelena Baturina, while President Joe Biden was vice president, according to an anti-corruption group, the Kazakhstani Initiative on Asset Recovery.

The massive deal is connected to a previously reported $3.5 million fee Baturina paid Hunter’s real estate entity to access the American business market, the Daily Mail reported Monday from documents obtained by an anti-corruption group, the Kazakhstani Initiative on Asset Recovery.

The $40 million real estate deal was structured as a part of a pooled real estate fund to be allocated into long-term investments Hunter identified as profitable in the United States. Such investment vehicles are common among sophisticated investors and experienced fund managers. Due to the complexity of a fund’s transactions, the entity is often subject to stringent disclosures with government oversight agencies.

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