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.
Photos released of Renee Nicole Good, the US citizen killed by ICE in Minnesota
Shooting outside Salt Lake City LDS church leaves at least 2 dead, 6 injured: police
Trump greenlights Russian sanctions bill, paving way for 500% tariff on countries supporting Moscow: Graham
Trump orders US withdrawal from 66 ‘wasteful’ global organizations in sweeping ‘America First’ crackdown
Dem Senate candidate mocked after claim about dismantling ICE goes viral: ‘Unmask these thugs’
Trump and Colombian president arrange White House meeting after threats of military action
All 8 tires burst in harrowing Atlanta landing failure involving passenger jet
Cruz demands impeachment of Boasberg and judge who sentenced Kavanaugh’s attempted assassin
Who was Renee Nicole Good, woman killed in Minneapolis ICE shooting?
Disturbing Claims Against Kansas City Chiefs Star Surface on Social Media
Senate Republicans urge discipline for pair of ‘rogue’ judges in first-of-its-kind hearing
Watch: Jon Stewart Just Nailed Mark Kelly Twice in 60 Seconds on ‘Illegal Orders’ Video
Trump demands California hand over recipient lists as $10B paused amid fraud concerns
Breaking: Tim Walz Prepping National Guard to Deal With Leftist Insurrectionists He Himself Helped Create
JD Vance Joins in Mockery of Democrats’ ‘Performative’ Jan. 6 Candle Stunt
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.
Photos released of Renee Nicole Good, the US citizen killed by ICE in Minnesota
Shooting outside Salt Lake City LDS church leaves at least 2 dead, 6 injured: police
Trump greenlights Russian sanctions bill, paving way for 500% tariff on countries supporting Moscow: Graham
Trump orders US withdrawal from 66 ‘wasteful’ global organizations in sweeping ‘America First’ crackdown
Dem Senate candidate mocked after claim about dismantling ICE goes viral: ‘Unmask these thugs’
Trump and Colombian president arrange White House meeting after threats of military action
All 8 tires burst in harrowing Atlanta landing failure involving passenger jet
Cruz demands impeachment of Boasberg and judge who sentenced Kavanaugh’s attempted assassin
Who was Renee Nicole Good, woman killed in Minneapolis ICE shooting?
Disturbing Claims Against Kansas City Chiefs Star Surface on Social Media
Senate Republicans urge discipline for pair of ‘rogue’ judges in first-of-its-kind hearing
Watch: Jon Stewart Just Nailed Mark Kelly Twice in 60 Seconds on ‘Illegal Orders’ Video
Trump demands California hand over recipient lists as $10B paused amid fraud concerns
Breaking: Tim Walz Prepping National Guard to Deal With Leftist Insurrectionists He Himself Helped Create
JD Vance Joins in Mockery of Democrats’ ‘Performative’ Jan. 6 Candle Stunt
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.
