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.
FBI arrests suspect after federal courthouse in Minneapolis windows smashed
Stunning Footage: Minneapolis Rioters Break Into Federal Agent’s Vehicle, Steal Weapon and Ammunition
Alleged Charlie Kirk assassin Tyler Robinson’s lover Lance Twiggs no longer under FBI protection, source says
Leavitt urges Democrats to grab a coffee with an ICE officer before blowing up at ‘left-wing hack’ reporter
DHS, Greg Abbott Call Out Dems After Illegal Sends ICE Agent to Texas Hospital While Trying to Run Him Over
Democrat-led states push anti-ICE bills that may violate supremacy clause
Federal appeals court sides with Trump admin in judge’s Mahmoud Khalil decision
Top House GOP leader demands Tim Walz resign as Minneapolis erupts over ICE shooting
Alarming Video: Furious Somali Men Pour out of ‘Daycare’ and Accost Journalist Investigating Where $2.25 Million in Grant Money Went
House Democrats Are Tearing Themselves Apart Over ‘Performative’ Kristi Noem Impeachment Effort
Trump to meet with Venezuela’s opposition leader after praising ‘terrific’ Maduro loyalist
ICE deputy director resigns from agency to run for Congress
Israel will honor the late Charlie Kirk with award for opposing antisemitism
Watch: Josh Hawley’s Simple Pregnancy Question Traps Dems’ Expert Witness So Thoroughly That She’s Reduced to a Repeating, Looping Mess… and She’s a Medical Doctor
Trump threatens Minnesota with Insurrection Act after second federal shooting reignites protesters
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.
FBI arrests suspect after federal courthouse in Minneapolis windows smashed
Stunning Footage: Minneapolis Rioters Break Into Federal Agent’s Vehicle, Steal Weapon and Ammunition
Alleged Charlie Kirk assassin Tyler Robinson’s lover Lance Twiggs no longer under FBI protection, source says
Leavitt urges Democrats to grab a coffee with an ICE officer before blowing up at ‘left-wing hack’ reporter
DHS, Greg Abbott Call Out Dems After Illegal Sends ICE Agent to Texas Hospital While Trying to Run Him Over
Democrat-led states push anti-ICE bills that may violate supremacy clause
Federal appeals court sides with Trump admin in judge’s Mahmoud Khalil decision
Top House GOP leader demands Tim Walz resign as Minneapolis erupts over ICE shooting
Alarming Video: Furious Somali Men Pour out of ‘Daycare’ and Accost Journalist Investigating Where $2.25 Million in Grant Money Went
House Democrats Are Tearing Themselves Apart Over ‘Performative’ Kristi Noem Impeachment Effort
Trump to meet with Venezuela’s opposition leader after praising ‘terrific’ Maduro loyalist
ICE deputy director resigns from agency to run for Congress
Israel will honor the late Charlie Kirk with award for opposing antisemitism
Watch: Josh Hawley’s Simple Pregnancy Question Traps Dems’ Expert Witness So Thoroughly That She’s Reduced to a Repeating, Looping Mess… and She’s a Medical Doctor
Trump threatens Minnesota with Insurrection Act after second federal shooting reignites protesters
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.
