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 Gives Navy a Shoot-on-Sight Order a Day After Firing its Leader
Watch: Dem Congressional Candidate Accidentally Exposes the Horrors of IVF with Her Pro-Abortion Argument
GOP congressman wants to add Arlington and Alexandria back to DC
Trump admin loosens regulations on state-licensed medical marijuana
Key House committee schedules hearing with embattled ActBlue CEO: ‘Needs to come clean’
Gallego investigated for ‘sexual slur’ in 2013, officials ‘unable to corroborate’
Senate GOP rams through blueprint to bankroll ICE, Border Patrol through end of Trump era
Karen Bass meets with Trump at White House to push for LA wildfire relief after months of clashes
Man who pleaded guilty to raping 12-year-old relative is illegal immigrant from Honduras, DHS says
Manhattan DA’s office employee charged with sexual abuse after alleged incident on Queens subway
Florida prisoner laughs as judge sentences him to life for killing cellmate with pen: ‘You are amusing’
Florida man’s execution date set for killing 2, including small child
Senate GOP launches all-night vote-a-rama to fund ICE, Border Patrol through end of Trump’s term
Ilhan Omar Rages at Reporter Who Confronted Her About Financial Disclosure: ‘You’re Stupid’
Five things to know about Maine Senate hopeful Graham Platner
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 Gives Navy a Shoot-on-Sight Order a Day After Firing its Leader
Watch: Dem Congressional Candidate Accidentally Exposes the Horrors of IVF with Her Pro-Abortion Argument
GOP congressman wants to add Arlington and Alexandria back to DC
Trump admin loosens regulations on state-licensed medical marijuana
Key House committee schedules hearing with embattled ActBlue CEO: ‘Needs to come clean’
Gallego investigated for ‘sexual slur’ in 2013, officials ‘unable to corroborate’
Senate GOP rams through blueprint to bankroll ICE, Border Patrol through end of Trump era
Karen Bass meets with Trump at White House to push for LA wildfire relief after months of clashes
Man who pleaded guilty to raping 12-year-old relative is illegal immigrant from Honduras, DHS says
Manhattan DA’s office employee charged with sexual abuse after alleged incident on Queens subway
Florida prisoner laughs as judge sentences him to life for killing cellmate with pen: ‘You are amusing’
Florida man’s execution date set for killing 2, including small child
Senate GOP launches all-night vote-a-rama to fund ICE, Border Patrol through end of Trump’s term
Ilhan Omar Rages at Reporter Who Confronted Her About Financial Disclosure: ‘You’re Stupid’
Five things to know about Maine Senate hopeful Graham Platner
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.
