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 threatens troop withdrawals if ‘very good deal’ on Greenland isn’t struck
House Dem back in the spotlight as brother faces up to 10 years in prison if convicted
Platner drops out of crucial Senate race after bombshell rape allegation torpedoes campaign
Franklin Graham Gives McDonald’s ‘Free Advice’ on How to ‘Bring Happy Customers Back’
Mike Rowe Sues Discovery for $2 Million in ‘Deadliest Catch’ Dispute
Erika’s Heartbreaking Reaction to a Woman She Saw in the Courtroom Crying Over Charlie’s Murder
Former Wisconsin Judge Who Was Convicted of Helping an Illegal Alien Evade ICE Gets Light Sentence
Bernie-backed socialist who allied with Platner could supplant him on ballot
WATCH: Dana White drops 2028 hints while raving about his favorite Trump cabinet secretary
Donald Trump sparks intrigue by ditching new Qatari jet for old Air Force One
Trump contemplates assassinating more Iranian leaders, warns he ‘may be gone too’ after topping Tehran’s ‘kill list’
Alleged Jan. 6 pipe bomber Brian Cole Jr.’s trial set for February
Three-time deported illegal immigrant charged with killing North Carolina girl, 6, after running stop sign
West Virginia town fires entire police force after chief resigns, sergeant alleges evidence room break-in
Doctors Issue Warnings as Popular Toy Inflicts Horrific Injuries on Kids
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 threatens troop withdrawals if ‘very good deal’ on Greenland isn’t struck
House Dem back in the spotlight as brother faces up to 10 years in prison if convicted
Platner drops out of crucial Senate race after bombshell rape allegation torpedoes campaign
Franklin Graham Gives McDonald’s ‘Free Advice’ on How to ‘Bring Happy Customers Back’
Mike Rowe Sues Discovery for $2 Million in ‘Deadliest Catch’ Dispute
Erika’s Heartbreaking Reaction to a Woman She Saw in the Courtroom Crying Over Charlie’s Murder
Former Wisconsin Judge Who Was Convicted of Helping an Illegal Alien Evade ICE Gets Light Sentence
Bernie-backed socialist who allied with Platner could supplant him on ballot
WATCH: Dana White drops 2028 hints while raving about his favorite Trump cabinet secretary
Donald Trump sparks intrigue by ditching new Qatari jet for old Air Force One
Trump contemplates assassinating more Iranian leaders, warns he ‘may be gone too’ after topping Tehran’s ‘kill list’
Alleged Jan. 6 pipe bomber Brian Cole Jr.’s trial set for February
Three-time deported illegal immigrant charged with killing North Carolina girl, 6, after running stop sign
West Virginia town fires entire police force after chief resigns, sergeant alleges evidence room break-in
Doctors Issue Warnings as Popular Toy Inflicts Horrific Injuries on Kids
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.
