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.
WATCH: Handcuffed inmate breaks free, punches deputy in wild courthouse escape attempt
Democrat candidate seen sobbing, praying in patrol car after DUI arrest: Video
Maryland family speaks out after ‘4-foot-long’ rabid beaver attacks 13-year-old boy
Watch: Chaos Erupts at Courthouse When Convict Busts Out of His Handcuffs and Charges Through Sheriff’s Deputies
House Passes Legislation Forcing Data Centers to Foot the Bill for Increased Utility Costs
Dem insurgent turns on the charm with party establishment as Schumer leaves bitter feud hanging
Don’t Fall Into the Sydney Sweeney Trap: Supporting Everything the Left Hates Is Not Conservative
White House Chief of Staff Susie Wiles Announces She Has Beaten Cancer
Lawmakers say they are standing at the gates against ‘Trojan horses’ promoting malign foreign interests
Skid Row forgeries, illegal votes and a mayoral candidate: Election fraud cases pile up nationwide
Illegal Alien Sentenced to Prison for Multimillion-Dollar Scheme Against Travis Kelce and Others
National Park Service offers plan to mitigate ‘adverse effects’ of Trump arch
Breaking: LA and Calif. Reeling After Woke, Anti-Trump Antics Drive Out Paramount, Taking up to $21B in Output, 60K Jobs, and $1B in Taxes
Thom Tillis urges Michael Whatley not to shy from ‘healthy disagreement’ with Trump
Would-be Trump assassin Thomas Crooks had Snapchat that may hold evidence ‘treasure trove’: former FBI agent
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.
WATCH: Handcuffed inmate breaks free, punches deputy in wild courthouse escape attempt
Democrat candidate seen sobbing, praying in patrol car after DUI arrest: Video
Maryland family speaks out after ‘4-foot-long’ rabid beaver attacks 13-year-old boy
Watch: Chaos Erupts at Courthouse When Convict Busts Out of His Handcuffs and Charges Through Sheriff’s Deputies
House Passes Legislation Forcing Data Centers to Foot the Bill for Increased Utility Costs
Dem insurgent turns on the charm with party establishment as Schumer leaves bitter feud hanging
Don’t Fall Into the Sydney Sweeney Trap: Supporting Everything the Left Hates Is Not Conservative
White House Chief of Staff Susie Wiles Announces She Has Beaten Cancer
Lawmakers say they are standing at the gates against ‘Trojan horses’ promoting malign foreign interests
Skid Row forgeries, illegal votes and a mayoral candidate: Election fraud cases pile up nationwide
Illegal Alien Sentenced to Prison for Multimillion-Dollar Scheme Against Travis Kelce and Others
National Park Service offers plan to mitigate ‘adverse effects’ of Trump arch
Breaking: LA and Calif. Reeling After Woke, Anti-Trump Antics Drive Out Paramount, Taking up to $21B in Output, 60K Jobs, and $1B in Taxes
Thom Tillis urges Michael Whatley not to shy from ‘healthy disagreement’ with Trump
Would-be Trump assassin Thomas Crooks had Snapchat that may hold evidence ‘treasure trove’: former FBI agent
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.
