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.
Personal attacks, Israel, and terrorism define Michigan’s caustic Senate debate
ABC News Targets Trump Family, But Has to Immediately Delete False Story – Was Off by Billions of Dollars
California Medical Breakthroughs Bring In Hundreds of Millions While the Very Same Industry Suffers Substantial Job Loss
Federal grand jury hears evidence in probe of former Trump aide Cassidy Hutchinson’s Jan 6 testimony: source
Michigan Senate debate erupts into personal attacks as Rogers, El-Sayed clash over Israel, Iran and more
El Sayed dodges question on whether Israel or Iran poses greater threat to US: ‘Both of them have proven dangerous in their own way’
Letitia James Hit with 52-Count ‘Indictment’ from Her Republican Opponent
Fauci raved about China but fumed at Trump in diary
Arizona man arrested after allegedly emailing White House bomb threat to Tucson news station
Bombshell: New Text from Cornell Rape Accuser Contains 4 Case-Killing Words – ‘Our Body Our Choice’ – Media Omits Them All
Logan Federico’s dad says criminals have become ‘more important’ than victims, pushes repeat offender registry
Pentagon confirms Fort Hood terrorist’s firing squad execution will be livestreamed: ‘Details will follow’
Dem who ripped rival’s donor-fueled ‘good life’ dropped campaign cash on Disney, spouse travel
NFL Legend Tony Dungy Says His Christian Faith Played a Role in His Firing from NBC: ‘They Knew Who I Was’
Roseanne Barr Roars Back from Cancellation by Secretly Filming Star-Studded Sitcom
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.
Personal attacks, Israel, and terrorism define Michigan’s caustic Senate debate
ABC News Targets Trump Family, But Has to Immediately Delete False Story – Was Off by Billions of Dollars
California Medical Breakthroughs Bring In Hundreds of Millions While the Very Same Industry Suffers Substantial Job Loss
Federal grand jury hears evidence in probe of former Trump aide Cassidy Hutchinson’s Jan 6 testimony: source
Michigan Senate debate erupts into personal attacks as Rogers, El-Sayed clash over Israel, Iran and more
El Sayed dodges question on whether Israel or Iran poses greater threat to US: ‘Both of them have proven dangerous in their own way’
Letitia James Hit with 52-Count ‘Indictment’ from Her Republican Opponent
Fauci raved about China but fumed at Trump in diary
Arizona man arrested after allegedly emailing White House bomb threat to Tucson news station
Bombshell: New Text from Cornell Rape Accuser Contains 4 Case-Killing Words – ‘Our Body Our Choice’ – Media Omits Them All
Logan Federico’s dad says criminals have become ‘more important’ than victims, pushes repeat offender registry
Pentagon confirms Fort Hood terrorist’s firing squad execution will be livestreamed: ‘Details will follow’
Dem who ripped rival’s donor-fueled ‘good life’ dropped campaign cash on Disney, spouse travel
NFL Legend Tony Dungy Says His Christian Faith Played a Role in His Firing from NBC: ‘They Knew Who I Was’
Roseanne Barr Roars Back from Cancellation by Secretly Filming Star-Studded Sitcom
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.
