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.
Vance Gives Perfect Response After ‘View’ Host Brings Up His Past Criticism of Trump
Republicans bat down bid to handcuff Trump’s war powers as peace deal nears
15 Antifa radicals indicted, 12 arrested in sweeping federal probe into Minneapolis anti-ICE operations
JD Vance Responds as Lindsey Graham Expresses Skepticism About Iran Deal
Mother’s tip helped unravel White House UFC drone plot: Affidavit
Lawmakers demand answers after NIH scientists charged in monkeypox smuggling conspiracy
MLB Reprimands Christian Players Who Took a Stand Against ‘Pride Night’
Todd Blanche earns attorney general bid endorsement from law enforcement alliance ahead of confirmation
Trump Says Israel Is Fighting ‘Too Long, and Too Many People Are Being Killed’
Hungary changes constitution to ban Viktor Orban reelection as Peter Magyar prepares to oust president
Report links anti-Christian extremism and ‘assassination culture’ to alleged plot against Erika Kirk
Luigi Mangione supporter working for far-left DC mayoral candidate likened to Mamdani
South Carolina personal trainer goes missing, last spotted walking toward wooded area
Watch: JD Vance Explains How Iran Deal Is ‘Fundamentally’ Different Than Obama’s JCPOA
Vance shares how he’s gearing up for lion’s den debut on ‘The View’
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.
Vance Gives Perfect Response After ‘View’ Host Brings Up His Past Criticism of Trump
Republicans bat down bid to handcuff Trump’s war powers as peace deal nears
15 Antifa radicals indicted, 12 arrested in sweeping federal probe into Minneapolis anti-ICE operations
JD Vance Responds as Lindsey Graham Expresses Skepticism About Iran Deal
Mother’s tip helped unravel White House UFC drone plot: Affidavit
Lawmakers demand answers after NIH scientists charged in monkeypox smuggling conspiracy
MLB Reprimands Christian Players Who Took a Stand Against ‘Pride Night’
Todd Blanche earns attorney general bid endorsement from law enforcement alliance ahead of confirmation
Trump Says Israel Is Fighting ‘Too Long, and Too Many People Are Being Killed’
Hungary changes constitution to ban Viktor Orban reelection as Peter Magyar prepares to oust president
Report links anti-Christian extremism and ‘assassination culture’ to alleged plot against Erika Kirk
Luigi Mangione supporter working for far-left DC mayoral candidate likened to Mamdani
South Carolina personal trainer goes missing, last spotted walking toward wooded area
Watch: JD Vance Explains How Iran Deal Is ‘Fundamentally’ Different Than Obama’s JCPOA
Vance shares how he’s gearing up for lion’s den debut on ‘The View’
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.
