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.
US Military Plane Lost Amid ‘Operation Epic Fury’: US Central Command
Report: Veteran CBS Reporter Quit After Network Refused to Obsess Over Jan. 6 Anniversary
Retired Air Force Major General with Links to UFO Researcher Goes Missing – Search Underway
Legalize prostitution effort left candidate ‘shocked’ in blue state with rampant human trafficking
WATCH: Democratic Lawmaker Calls ‘Moms for Liberty’ a ‘Terrorist Group’ Then Doubles Down After Being Called Out
Old Dominion University shooter identified as Mohamed Jalloh, former National Guard member, ISIS supporter
FBI held active shooter training at Michigan synagogue weeks before attack
Manchin rips Cornyn for filibuster flip as Texas GOP runoff looms
Schumer swings at Hegseth over king crab meals for the troops, but Biden-era receipts show similar tab
Trump’s evolving stance on Iran ‘unconditional surrender’
Dems vote to keep DHS closed despite airport chaos, Iranian sleeper cell threat
BREAKING: Man Intentionally Rams Vehicle Into Michigan Synagogue and Opens Fire
Watch: Scott Jennings Calls on Internet to Fact-Check His CNN Colleague’s Insane Claim About Pete Hegseth
FBI responds to attack on Temple Israel synagogue in Michigan
Trump-backed affordable housing overhaul clears Senate, while House GOP raises red flags
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.
US Military Plane Lost Amid ‘Operation Epic Fury’: US Central Command
Report: Veteran CBS Reporter Quit After Network Refused to Obsess Over Jan. 6 Anniversary
Retired Air Force Major General with Links to UFO Researcher Goes Missing – Search Underway
Legalize prostitution effort left candidate ‘shocked’ in blue state with rampant human trafficking
WATCH: Democratic Lawmaker Calls ‘Moms for Liberty’ a ‘Terrorist Group’ Then Doubles Down After Being Called Out
Old Dominion University shooter identified as Mohamed Jalloh, former National Guard member, ISIS supporter
FBI held active shooter training at Michigan synagogue weeks before attack
Manchin rips Cornyn for filibuster flip as Texas GOP runoff looms
Schumer swings at Hegseth over king crab meals for the troops, but Biden-era receipts show similar tab
Trump’s evolving stance on Iran ‘unconditional surrender’
Dems vote to keep DHS closed despite airport chaos, Iranian sleeper cell threat
BREAKING: Man Intentionally Rams Vehicle Into Michigan Synagogue and Opens Fire
Watch: Scott Jennings Calls on Internet to Fact-Check His CNN Colleague’s Insane Claim About Pete Hegseth
FBI responds to attack on Temple Israel synagogue in Michigan
Trump-backed affordable housing overhaul clears Senate, while House GOP raises red flags
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.
