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.
Key Democratic Senate Candidate’s Campaign Descends Into ‘Complete Chaos’
FBI raids Eric Swalwell’s property, seizes devices at airport in sexual misconduct investigation
Sherrill escalates Trump fight over voter fiasco day after Mullin praises NJ cooperation
ActBlue co-founder pleads Fifth Amendment in closed-door House GOP grilling
Ocasio-Cortez endorses Massachusetts Senate incumbent Ed Markey
USS George Washington arrives in Middle East
Presumed Lead Candidate to Replace Karoline Leavitt Says She’s ‘Not in the Running’
U.S. Conducting Successful ‘Stealth Operation’ in the Strait of Hormuz: Report
Harry and Meghan Abandoning US, Returning to Britain as Eye-Watering Monthly Cost of Their CA Mansion Is Revealed
Bloodied, ejected Marine Corps pilot seen calm and collected after Washington crash destroys aircraft
New judge has days to decide whether Karmelo Anthony’s conviction and 35-year sentence survive
Battle over federal courthouses erupts as GSA warns against giving judiciary more control
FL Voters Boot Cory Mills, the GOP Rep. Who Helped Keep Ilhan Omar from Being Stripped of Her Committee Assignments
The last January 6 case? Former DC police officer fighting conviction over contact with ex-Proud Boys leader
Trump urged to stop targeting fellow Republicans as GOP fights to keep majority
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.
Key Democratic Senate Candidate’s Campaign Descends Into ‘Complete Chaos’
FBI raids Eric Swalwell’s property, seizes devices at airport in sexual misconduct investigation
Sherrill escalates Trump fight over voter fiasco day after Mullin praises NJ cooperation
ActBlue co-founder pleads Fifth Amendment in closed-door House GOP grilling
Ocasio-Cortez endorses Massachusetts Senate incumbent Ed Markey
USS George Washington arrives in Middle East
Presumed Lead Candidate to Replace Karoline Leavitt Says She’s ‘Not in the Running’
U.S. Conducting Successful ‘Stealth Operation’ in the Strait of Hormuz: Report
Harry and Meghan Abandoning US, Returning to Britain as Eye-Watering Monthly Cost of Their CA Mansion Is Revealed
Bloodied, ejected Marine Corps pilot seen calm and collected after Washington crash destroys aircraft
New judge has days to decide whether Karmelo Anthony’s conviction and 35-year sentence survive
Battle over federal courthouses erupts as GSA warns against giving judiciary more control
FL Voters Boot Cory Mills, the GOP Rep. Who Helped Keep Ilhan Omar from Being Stripped of Her Committee Assignments
The last January 6 case? Former DC police officer fighting conviction over contact with ex-Proud Boys leader
Trump urged to stop targeting fellow Republicans as GOP fights to keep majority
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.
