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.
DNA Links Grizzly Bear Mom and Her Cubs to Fatal Mother-Daughter Mauling – All 4 Bears Hunted Down and Killed
Cape-Wearing Leftist Arrested at Texas University for Allegedly Striking 3 with Cane at TPUSA Event
Suspected DUI driver arrested on 3 murder counts after deadly North Hollywood crash, police say
Twice-deported United cockpit suspect granted asylum after transgender persecution claim: DHS
As Ilhan Omar Gloats Over Islamic Wins, Idaho Muslim Sentenced for Plot to Massacre Christians with Explosives, Knives, Firearms
Illegal immigrant arrested after dragging, striking ICE officer in Chicago suburb: DHS
Jeffries leaves door open to investigating major Trump ally as Democrats prepare to take power
ESPN’s Rex Ryan Jailed, Accused of Hitting 2 with His Truck and Fleeing the Scene
Hakeem Jeffries faces progressive holdouts but no rival as House speaker race takes shape
At least 9 new Dem members will carry Al Green’s mantle and try to impeach President Trump
At least 10 new Dem members will carry Al Green’s mantle and try to impeach President Trump
House Freedom Caucus Member Unloads on Fellow Republicans After Midterm Debacle: ‘Nobody Listened to Us!’
Dems projected to score historic upset in deep-red Mississippi, topple Trump ally Hyde-Smith
Latest Ballot Drop Pushes Dem Challenger Over Combined Dan Sullivans’ Votes in AK Senate Race
GOP holdouts complicate Trump’s final chances to reshape US courts
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.
DNA Links Grizzly Bear Mom and Her Cubs to Fatal Mother-Daughter Mauling – All 4 Bears Hunted Down and Killed
Cape-Wearing Leftist Arrested at Texas University for Allegedly Striking 3 with Cane at TPUSA Event
Suspected DUI driver arrested on 3 murder counts after deadly North Hollywood crash, police say
Twice-deported United cockpit suspect granted asylum after transgender persecution claim: DHS
As Ilhan Omar Gloats Over Islamic Wins, Idaho Muslim Sentenced for Plot to Massacre Christians with Explosives, Knives, Firearms
Illegal immigrant arrested after dragging, striking ICE officer in Chicago suburb: DHS
Jeffries leaves door open to investigating major Trump ally as Democrats prepare to take power
ESPN’s Rex Ryan Jailed, Accused of Hitting 2 with His Truck and Fleeing the Scene
Hakeem Jeffries faces progressive holdouts but no rival as House speaker race takes shape
At least 9 new Dem members will carry Al Green’s mantle and try to impeach President Trump
At least 10 new Dem members will carry Al Green’s mantle and try to impeach President Trump
House Freedom Caucus Member Unloads on Fellow Republicans After Midterm Debacle: ‘Nobody Listened to Us!’
Dems projected to score historic upset in deep-red Mississippi, topple Trump ally Hyde-Smith
Latest Ballot Drop Pushes Dem Challenger Over Combined Dan Sullivans’ Votes in AK Senate Race
GOP holdouts complicate Trump’s final chances to reshape US courts
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.
