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.
Pritzker skewered as ‘victim of his own’ policy after repeat offender arrested in governor’s backyard
WATCH: GOP senators rally behind Lindsey Graham’s sister as successor, remember late senator’s legacy
Israeli Knesset passes bill banning arrest of ultra-orthodox who refuse military service, despite pleas from IDF
Appeals court hands Trump win in fight over 2020 USPS mail changes
American biologist shot dead in his home in the Philippines
Air Force helicopter makes emergency landing in DC
WATCH: Kamala Harris torched over ‘zero sense’ WNBA pep talk in latest ‘word salad’ moment
Arkansas takes home top ranking for religious freedom after Gov Sanders expands key protections
Psychology Journal Adds Adultery to Valid List of Relationship Types, Calls It ‘Secret Non-Monogamy’
Iran Purposely Targets UAE Oil Tankers in Fatal Strike, Calls Ships ‘Non-Compliant’
‘Have You Called 911?’ Tommy Tubberville Shares Details on Lindsey Graham’s Tragic Final Moments
Watch: Today They’d Call This White Supremacist, Christian Nationalist Propaganda – In the 1980s It Was a Typical Razor Ad
These states are ‘ahead of the game’ in bringing down home prices, Trump’s housing chief says
Trump to shrink 2 Utah national monuments by 90%
Deputy US Marshal fatally shot while serving arrest warrant in Louisiana
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.
Pritzker skewered as ‘victim of his own’ policy after repeat offender arrested in governor’s backyard
WATCH: GOP senators rally behind Lindsey Graham’s sister as successor, remember late senator’s legacy
Israeli Knesset passes bill banning arrest of ultra-orthodox who refuse military service, despite pleas from IDF
Appeals court hands Trump win in fight over 2020 USPS mail changes
American biologist shot dead in his home in the Philippines
Air Force helicopter makes emergency landing in DC
WATCH: Kamala Harris torched over ‘zero sense’ WNBA pep talk in latest ‘word salad’ moment
Arkansas takes home top ranking for religious freedom after Gov Sanders expands key protections
Psychology Journal Adds Adultery to Valid List of Relationship Types, Calls It ‘Secret Non-Monogamy’
Iran Purposely Targets UAE Oil Tankers in Fatal Strike, Calls Ships ‘Non-Compliant’
‘Have You Called 911?’ Tommy Tubberville Shares Details on Lindsey Graham’s Tragic Final Moments
Watch: Today They’d Call This White Supremacist, Christian Nationalist Propaganda – In the 1980s It Was a Typical Razor Ad
These states are ‘ahead of the game’ in bringing down home prices, Trump’s housing chief says
Trump to shrink 2 Utah national monuments by 90%
Deputy US Marshal fatally shot while serving arrest warrant in Louisiana
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.
