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.
Academics and CEOs dominate Fed advisory boards
28 for ’28: The open presidential race field could reach more than two dozen candidates
Nolan’s ‘The Odyssey’ is clumsy, anachronistic, and badly acted
China’s routing of Biden in chip war with US created a communist tech giant
Witnesses recount ‘scary’ NYC stabbing after suspect allegedly yelled ‘Allahu Akbar’ during attacks
Multiple injured after floatplane makes emergency landing, catches fire off Washington coast
California mayor’s hot mic catches candid exchange after audience sends meeting off rails
Never Forget Dems Supported Large-Scale Deportations Until Trump Took Up the Issue – Just Listen to What Obama Said in 2014
Massachusetts Democratic Party chairman admits to sufficient facts in June drunken driving case
Rubio unveils visa restrictions targeting cybercrime networks
House Democrats Furious at Their Own Campaign Arm Over Expensive Primary Blunder
Ex-Dem Legislator Arrested Over Child Porn, But It’s 7 Words from FBI Investigator That Will Make You Sick to Your Stomach
Hunter Biden Blasts CNN’s Jake Tapper as a ‘Poor Journalist’ and a Terrible Person in NSFW Comments
Dem’s stunning ideal standard for immigration detention conditions resurfaces amid Texas senate bid
Lauren Boebert Says She Missed Key House Vote Because She Was Misinformed by GOP Staffers
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.
Academics and CEOs dominate Fed advisory boards
28 for ’28: The open presidential race field could reach more than two dozen candidates
Nolan’s ‘The Odyssey’ is clumsy, anachronistic, and badly acted
China’s routing of Biden in chip war with US created a communist tech giant
Witnesses recount ‘scary’ NYC stabbing after suspect allegedly yelled ‘Allahu Akbar’ during attacks
Multiple injured after floatplane makes emergency landing, catches fire off Washington coast
California mayor’s hot mic catches candid exchange after audience sends meeting off rails
Never Forget Dems Supported Large-Scale Deportations Until Trump Took Up the Issue – Just Listen to What Obama Said in 2014
Massachusetts Democratic Party chairman admits to sufficient facts in June drunken driving case
Rubio unveils visa restrictions targeting cybercrime networks
House Democrats Furious at Their Own Campaign Arm Over Expensive Primary Blunder
Ex-Dem Legislator Arrested Over Child Porn, But It’s 7 Words from FBI Investigator That Will Make You Sick to Your Stomach
Hunter Biden Blasts CNN’s Jake Tapper as a ‘Poor Journalist’ and a Terrible Person in NSFW Comments
Dem’s stunning ideal standard for immigration detention conditions resurfaces amid Texas senate bid
Lauren Boebert Says She Missed Key House Vote Because She Was Misinformed by GOP Staffers
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.
