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.
US conducts strike on another boat carrying suspected narco-traffickers, killing 6 people
Before-and-after satellite imagery offers a rare look at damage inside Iran
Police recover third device in ongoing Manhattan IED investigation after two arrests
Police swarm NYC street Sunday amid IED probe near Gracie Mansion
GOP senators push back against Schumer’s ‘Jim Crow 2.0’ description of SAVE Act
Officials confirm devices recovered at NYC protest near Gracie Mansion were both IEDs
NYPD confirms object thrown at protests near Gracie Mansion in Manhattan was an IED
Pro-Islam counterprotester arrested after deploying explosive device outside Mamdani residence
Trump warns Iran’s new leader won’t ‘last long’ without his approval
The unlikely tool Trump is eyeing to tackle rising oil prices amid the Iran conflict
Trump’s Name Will Be on the Tallest Tower in Australia as Trump’s Company Makes International Real Estate Move
Another ‘Day in the Life’ Video Shows Cushy Conditions at Tech Company
Trump vows block on signing new laws until SAVE America Act passes Senate
Hegseth Reveals What Happened to Trans Kindergarten Teacher Who Wore Wolf Tail Around Kids
Woke Christian Leaders Issue Letter Against Rise of ‘White Christian Nationalism’
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.
US conducts strike on another boat carrying suspected narco-traffickers, killing 6 people
Before-and-after satellite imagery offers a rare look at damage inside Iran
Police recover third device in ongoing Manhattan IED investigation after two arrests
Police swarm NYC street Sunday amid IED probe near Gracie Mansion
GOP senators push back against Schumer’s ‘Jim Crow 2.0’ description of SAVE Act
Officials confirm devices recovered at NYC protest near Gracie Mansion were both IEDs
NYPD confirms object thrown at protests near Gracie Mansion in Manhattan was an IED
Pro-Islam counterprotester arrested after deploying explosive device outside Mamdani residence
Trump warns Iran’s new leader won’t ‘last long’ without his approval
The unlikely tool Trump is eyeing to tackle rising oil prices amid the Iran conflict
Trump’s Name Will Be on the Tallest Tower in Australia as Trump’s Company Makes International Real Estate Move
Another ‘Day in the Life’ Video Shows Cushy Conditions at Tech Company
Trump vows block on signing new laws until SAVE America Act passes Senate
Hegseth Reveals What Happened to Trans Kindergarten Teacher Who Wore Wolf Tail Around Kids
Woke Christian Leaders Issue Letter Against Rise of ‘White Christian Nationalism’
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.
