Hunter Biden is walking away from the board of a Chinese-backed private equity company as part of a public pledge to disavow all foreign work if his father, former U.S. Vice President Joe Biden, gains the presidency in 2020.
Joe Biden’s second son made his move after a month of pushing by U.S. President Donald Trump who has publicly highlighted the perceived – and real – conflicts of interest represented by Biden’s work in Asia.
A statement released on his behalf by his legal counsel George Mesires said his relationship with the management company of a private equity fund that’s backed by Chinese state-owned entities will end within weeks.
The 49-year-old doesn’t state whether he will be divesting from BHR (Shanghai) Equity Investment Fund Management Company. The company was set up in 2013 to invest Chinese capital outside of China.
Fewer Gay Professionals Feel Being Gay Helps Their Career
Trump defends New York Times subpoenas as judge seeks internal DOJ communications
State Officials Blamed Citizens for Death of Bear Stuck Atop Power Pole, but What Bystander Says She Saw Changes Everything
Maine Democrats crown Troy Jackson as Platner replacement as fresh scrutiny clouds Senate reset
Brian Hooker’s stepmom wants to help investigators as she suspects he ‘lied about everything’: reports
Letitia James faces scrutiny after New York City spends $81,700 per homeless person amid shelter scandals
Hawaii’s Democratic lieutenant governor indicted in state corruption investigation
What happened to Michelle Hadley? 5 things to know about ‘A Toxic Love Story’ case
GOP’s freshman firebrand goes viral targeting ‘utterly intellectually indefensible’ DEI policies
Uyghur Pastor in China Faces Forced Church Closure from Communist Officials
Trump revels in his first WHCA dinner speech despite serious tone and tight security
Schools Shutter Across US Opening Door for Seniors to Move in
John Cornyn settles into ‘liberating’ leverage role on his way to retirement
California votes to double down on bad, left-wing policy outcomes
‘Fraudulent, Biased And Misleading’: Trump Rails Against NGO After It Put Out Bezos-Backed Climate Report
Instead the young Biden pledged he wouldn’t work for any foreign-owned companies or serve on their boards during a potential Biden administration.
“Hunter always understood that his father would be guided, entirely and unequivocally, by established U.S. policy, regardless of its effects on Hunter’s professional interests,” the statement said. “He never anticipated the barrage of false charges against both him and his father by the President of the United States.”
Just two days ago Trump again highlighted the problem of Hunter Biden seeking work overseas during a political rally in Louisiana, as Breitbart News reported.
Fewer Gay Professionals Feel Being Gay Helps Their Career
Trump defends New York Times subpoenas as judge seeks internal DOJ communications
State Officials Blamed Citizens for Death of Bear Stuck Atop Power Pole, but What Bystander Says She Saw Changes Everything
Maine Democrats crown Troy Jackson as Platner replacement as fresh scrutiny clouds Senate reset
Brian Hooker’s stepmom wants to help investigators as she suspects he ‘lied about everything’: reports
Letitia James faces scrutiny after New York City spends $81,700 per homeless person amid shelter scandals
Hawaii’s Democratic lieutenant governor indicted in state corruption investigation
What happened to Michelle Hadley? 5 things to know about ‘A Toxic Love Story’ case
GOP’s freshman firebrand goes viral targeting ‘utterly intellectually indefensible’ DEI policies
Uyghur Pastor in China Faces Forced Church Closure from Communist Officials
Trump revels in his first WHCA dinner speech despite serious tone and tight security
Schools Shutter Across US Opening Door for Seniors to Move in
John Cornyn settles into ‘liberating’ leverage role on his way to retirement
California votes to double down on bad, left-wing policy outcomes
‘Fraudulent, Biased And Misleading’: Trump Rails Against NGO After It Put Out Bezos-Backed Climate Report
Trump then ripped Hunter for leaving China with $1.5 billion in investments from the bank of China despite knowing “nothing” and mocked the news broadcasts for repeatedly saying that Trump’s claims of corruption were “totally unsubstantiated” … at Biden’s request.
“It’s not unsubstantiated, he took a fortune out of Ukraine, knew nothing, took a fortune out of China,” he said.
He expressed skepticism Hunter Biden was able to get $1.5 billion in Chinese investments because they thought he was a good investment.
“For a guy to walk in from off the street with no experience, a bad track record, just got thrown out of the navy, and he walks away with $1.5 billion?” Trump said.
Story cited here.
