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.
Trump Yanks ‘Prestigious’ Board of Peace Offer from Canada After War of Words at Davos
Venezuelan national accused of claiming control over Arizona community, threatening residents: report
Former Uvalde school officer says he doesn’t regret actions after not guilty verdict
J6 Cop Coughs Vulgar Curse to Republican Rep During Jack Smith Hearing
Liberal activist groups organize Minneapolis high schoolers to protest against ICE
Border Patrol union chief touts high morale despite clashes with agitators: ‘They are patriotic’
WATCH: Former ICE director reveals what goes into agency’s decisions on cities to target
Democrats push to blacklist ICE officers from future government jobs
NEA insider blows whistle on ‘toxic’ culture and far-left politics inside teachers union: ‘It’s a cult’
Trump Forces the Fake News to Stare at the Mugshots of Violent Illegal Criminals Caught By ICE
GOP Barely Passes DHS, ICE Funding Thanks to 7 Democrats Who Defied Their Party
Doubts abound about proposed dual citizenship ban
Maine’s bipartisan brand of political nepotism
Texas hold ’em: Greg Abbott argues he set the standard for governors and illegal immigration
Nevada judge retires after court grants protective order to attorney she was accused of stalking
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.
Trump Yanks ‘Prestigious’ Board of Peace Offer from Canada After War of Words at Davos
Venezuelan national accused of claiming control over Arizona community, threatening residents: report
Former Uvalde school officer says he doesn’t regret actions after not guilty verdict
J6 Cop Coughs Vulgar Curse to Republican Rep During Jack Smith Hearing
Liberal activist groups organize Minneapolis high schoolers to protest against ICE
Border Patrol union chief touts high morale despite clashes with agitators: ‘They are patriotic’
WATCH: Former ICE director reveals what goes into agency’s decisions on cities to target
Democrats push to blacklist ICE officers from future government jobs
NEA insider blows whistle on ‘toxic’ culture and far-left politics inside teachers union: ‘It’s a cult’
Trump Forces the Fake News to Stare at the Mugshots of Violent Illegal Criminals Caught By ICE
GOP Barely Passes DHS, ICE Funding Thanks to 7 Democrats Who Defied Their Party
Doubts abound about proposed dual citizenship ban
Maine’s bipartisan brand of political nepotism
Texas hold ’em: Greg Abbott argues he set the standard for governors and illegal immigration
Nevada judge retires after court grants protective order to attorney she was accused of stalking
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.
