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.
Michigan Democrat confirms sister-in-law’s terror watchlist lawsuit days before Obama campaign appearance
Top takeaways from JD Vance town hall: Costly gas, DC corruption, immigration hot takes and the war
‘No Kings’ protesters spurn organizers’ rules: ‘This is as partisan as you can get’
Minnesota Senate race takes bizarre turn after dark family history uncovered
Bend school district honors slain teacher, praises staff member’s courage during attack: ‘Forever grateful’
Breaking: Truck Plows Through Youth Soccer Game in ‘Mass Casualty Incident,’ One Child Among Deceased
ICYMI: Omar Corruption Concerns Are Bipartisan – The Biden Admin Investigated Her First
Child among 2 killed after vehicle drives onto soccer field at Kansas sports complex
Bombshell Video Catches Reported Insiders Admitting Somalis Are Paying For, Harvesting Omar Votes
Obama Presidential Hits Jaw-Dropping Total Cost of Over $1 Billion, Tripling Past Estimates
Ilhan Omar’s Husband Snaps at Reporters Asking if She’s Fled the Country Amid Intense Federal Investigation
The Woman Who Exposed Ilhan Omar’s Birthdate Discrepancy Speaks Out
Man shot and killed inside New York City subway station in Midtown Manhattan: NYPD
California diners are cutting back as costs soar — but restaurant owner reveals one trend that’s booming
Watch: Stunt Chopper at Navy SEAL Fundraiser Thrills Guests With Small Explosions and Red, White and Blue Smoke Show
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.
Michigan Democrat confirms sister-in-law’s terror watchlist lawsuit days before Obama campaign appearance
Top takeaways from JD Vance town hall: Costly gas, DC corruption, immigration hot takes and the war
‘No Kings’ protesters spurn organizers’ rules: ‘This is as partisan as you can get’
Minnesota Senate race takes bizarre turn after dark family history uncovered
Bend school district honors slain teacher, praises staff member’s courage during attack: ‘Forever grateful’
Breaking: Truck Plows Through Youth Soccer Game in ‘Mass Casualty Incident,’ One Child Among Deceased
ICYMI: Omar Corruption Concerns Are Bipartisan – The Biden Admin Investigated Her First
Child among 2 killed after vehicle drives onto soccer field at Kansas sports complex
Bombshell Video Catches Reported Insiders Admitting Somalis Are Paying For, Harvesting Omar Votes
Obama Presidential Hits Jaw-Dropping Total Cost of Over $1 Billion, Tripling Past Estimates
Ilhan Omar’s Husband Snaps at Reporters Asking if She’s Fled the Country Amid Intense Federal Investigation
The Woman Who Exposed Ilhan Omar’s Birthdate Discrepancy Speaks Out
Man shot and killed inside New York City subway station in Midtown Manhattan: NYPD
California diners are cutting back as costs soar — but restaurant owner reveals one trend that’s booming
Watch: Stunt Chopper at Navy SEAL Fundraiser Thrills Guests With Small Explosions and Red, White and Blue Smoke Show
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.
