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.
NFL owner’s prostitution arrest puts top Dem committee on defense: ‘So desperate for cash’
Former Texas high school teacher arrested after probe into inappropriate student relationship
Jelly Roll Doubles Down, Tells Trump Supporters to Stop Listening to His Music
Judge clears path for ICE agent accused in Minnesota shooting case to leave Texas jail
Watch: UK Royal Family Stages Incredible Tribute to Dolly Parton at Buckingham Palace
America’s heartland comes face-to-face with 9/11 history as 25th anniversary nears
Democrat officials charged for allegedly scamming COVID relief funds
Trump scores federal court win against House progressive accused of assaulting ICE
Dem Candidate, Music Superstar With Sick Sexual History Defended Fellow Musician’s Video In Which He Gropes and Kills Woman
Breaking: ‘Rocky Horror Picture Show’ Star Tim Curry Dies at 80
Netanyahu claims his son was targeted for assassination by Iran
Felony charges against Golden Gate Bridge protesters dropped
How JD Vance worked a private channel with his fantasy football buddy to try to secure a Canada trade deal
Army vet lawmaker marks Abbey Gate anniversary with blistering message for Biden-Harris: ‘Abject failure’
SEE IT: LA Dem candidates torched by disgusted residents after ‘disgraceful’ debate: ‘Both bad’
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.
NFL owner’s prostitution arrest puts top Dem committee on defense: ‘So desperate for cash’
Former Texas high school teacher arrested after probe into inappropriate student relationship
Jelly Roll Doubles Down, Tells Trump Supporters to Stop Listening to His Music
Judge clears path for ICE agent accused in Minnesota shooting case to leave Texas jail
Watch: UK Royal Family Stages Incredible Tribute to Dolly Parton at Buckingham Palace
America’s heartland comes face-to-face with 9/11 history as 25th anniversary nears
Democrat officials charged for allegedly scamming COVID relief funds
Trump scores federal court win against House progressive accused of assaulting ICE
Dem Candidate, Music Superstar With Sick Sexual History Defended Fellow Musician’s Video In Which He Gropes and Kills Woman
Breaking: ‘Rocky Horror Picture Show’ Star Tim Curry Dies at 80
Netanyahu claims his son was targeted for assassination by Iran
Felony charges against Golden Gate Bridge protesters dropped
How JD Vance worked a private channel with his fantasy football buddy to try to secure a Canada trade deal
Army vet lawmaker marks Abbey Gate anniversary with blistering message for Biden-Harris: ‘Abject failure’
SEE IT: LA Dem candidates torched by disgusted residents after ‘disgraceful’ debate: ‘Both bad’
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.
