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.
Jasmine Crockett suggests GOP rigged her Democratic Primary election: ‘This is what Republicans like to do’
Republican congressman accused of affair with late aide to face runoff election
Combustible Republican Senate primary in Texas heading into overtime
BREAKING: Jasmine Crockett Gets Stomped in Primary as Even Democrats Find Tolerating Her Presence Impossible
Austin suspect unleashed anti-Christian, antisemitic, misogynistic rants on social media before mass shooting
New York AG orders Manhattan hospital to resume gender-transition treatment for transgender youth
Natural gas prices surge worldwide as Iran conflict crimps supply
BREAKING: Masked Man Arrested Outside GOP Campaign Event – Cops Bagging Multiple Rifle and Pistol Magazines – No Injuries
Trump says NYC Mayor Mamdani made ‘big progress’ embracing Declaration of Independence
Watch: Australian News Host Becomes Legend – Starts Speaking Persian and Signs Off with Brutal Curse for Khamenei That She’d Never Get Away with in English
BREAKING: Largest US Base in Middle East Hit by Ballistic Missile from Iran – Details Still Coming In
Waymo autonomous car blocks ambulance crew responding to deadly Austin mass shooting
Watch the most viral moments as Kristi Noem’s hearing goes off the rails
Israel First? MAGA divide erupts over allegations Netanyahu pushed US into Iran conflict
World’s Worst Judge? Lib Female Judge Frees 2 Men Who Brought Cash to Hotel Thinking They Were Meeting Girl, 15, for Sex – They Paid $0 Bail
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.
Jasmine Crockett suggests GOP rigged her Democratic Primary election: ‘This is what Republicans like to do’
Republican congressman accused of affair with late aide to face runoff election
Combustible Republican Senate primary in Texas heading into overtime
BREAKING: Jasmine Crockett Gets Stomped in Primary as Even Democrats Find Tolerating Her Presence Impossible
Austin suspect unleashed anti-Christian, antisemitic, misogynistic rants on social media before mass shooting
New York AG orders Manhattan hospital to resume gender-transition treatment for transgender youth
Natural gas prices surge worldwide as Iran conflict crimps supply
BREAKING: Masked Man Arrested Outside GOP Campaign Event – Cops Bagging Multiple Rifle and Pistol Magazines – No Injuries
Trump says NYC Mayor Mamdani made ‘big progress’ embracing Declaration of Independence
Watch: Australian News Host Becomes Legend – Starts Speaking Persian and Signs Off with Brutal Curse for Khamenei That She’d Never Get Away with in English
BREAKING: Largest US Base in Middle East Hit by Ballistic Missile from Iran – Details Still Coming In
Waymo autonomous car blocks ambulance crew responding to deadly Austin mass shooting
Watch the most viral moments as Kristi Noem’s hearing goes off the rails
Israel First? MAGA divide erupts over allegations Netanyahu pushed US into Iran conflict
World’s Worst Judge? Lib Female Judge Frees 2 Men Who Brought Cash to Hotel Thinking They Were Meeting Girl, 15, for Sex – They Paid $0 Bail
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.
