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-Backed Rep. Andy Ogles Loses Primary After Green Energy Group Spent Big to Unseat Him
Violent Criminal Who Was Set Free on Plea Deal Arrested After Horrific Attacks on Random Women
‘No place like Mackinac’: Mike Rogers trolls Abdul el Sayed after hot mic moment emerges
Fox News Campus Radicals Newsletter: Duke Law’s alleged race-based admissions accused of defying Supreme Court
Missing Illinois kayakers found dead near strait called Death’s Door known for shipwrecks
Unearthed clip of El-Sayed revealing his ‘hate’ for iconic Michigan town sparks online firestorm: ‘Dark heart’
Duke Law’s alleged race-based admissions accused of defying Supreme Court ruling: DOJ
US Army offering defense firms ‘concierge access’ to test weapons at military ranges
Blanche Appears Poised for AG Confirmation as GOP Senator Announces Support
French right-wing media figure attacked by mob of antifa militants
10 Democrats and Rand Paul oppose Russia sanctions bill
Democrats Furious as Trump Signs Two Executive Orders to End Birth Tourism
Maryland’s lone congressional Republican blasts Moore’s redistricting push as alleged 2028 White House play
Fraternal Order of Police slams vulnerable House Democrat for using logo in constituent mail
Detroit-area couple accused of throwing explosive device with alarming 2-word message into neighbor’s yard
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-Backed Rep. Andy Ogles Loses Primary After Green Energy Group Spent Big to Unseat Him
Violent Criminal Who Was Set Free on Plea Deal Arrested After Horrific Attacks on Random Women
‘No place like Mackinac’: Mike Rogers trolls Abdul el Sayed after hot mic moment emerges
Fox News Campus Radicals Newsletter: Duke Law’s alleged race-based admissions accused of defying Supreme Court
Missing Illinois kayakers found dead near strait called Death’s Door known for shipwrecks
Unearthed clip of El-Sayed revealing his ‘hate’ for iconic Michigan town sparks online firestorm: ‘Dark heart’
Duke Law’s alleged race-based admissions accused of defying Supreme Court ruling: DOJ
US Army offering defense firms ‘concierge access’ to test weapons at military ranges
Blanche Appears Poised for AG Confirmation as GOP Senator Announces Support
French right-wing media figure attacked by mob of antifa militants
10 Democrats and Rand Paul oppose Russia sanctions bill
Democrats Furious as Trump Signs Two Executive Orders to End Birth Tourism
Maryland’s lone congressional Republican blasts Moore’s redistricting push as alleged 2028 White House play
Fraternal Order of Police slams vulnerable House Democrat for using logo in constituent mail
Detroit-area couple accused of throwing explosive device with alarming 2-word message into neighbor’s yard
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.
