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.
Watch: Startling Megyn Kelly Comments – Is She Getting Friendly With Islam Too?
Ex-Reality TV Star Exposes LA Mayor Over Wildfire Disaster to Her Face Mid-Debate
US intel community agreed before war ‘Iran wasn’t developing a nuclear weapon’: ex-counterterrorism chief
California county finds nearly 600 unopened ballots months after Newsom-backed redistricting measure passed
Trump motorcade drives across Lincoln Memorial Reflecting Pool to inspect renovation efforts
Trump praises Susie Wiles’ cancer fight in surprise gala video: ‘Winning it decisively’
Trump takes motorcade into Reflecting Pool, blasts past ‘$38M disaster’ fix under Obama
Man indicted for allegedly posting gruesome death threats against Kristi Noem, Pam Bondi on social media
Paralyzed subway victim confronts attacker, calls his actions ‘evil’ at sentencing
EMT Students Snap Into Action When They Realize Instructor Isn’t Acting During Training Exercise: ‘OK, This Is Real’
State Department set to revoke passports of thousands of parents with unpaid child support debt
Prominent Democratic Mayor Announces Unexpected Resignation 6 Months After Re-Election
Child sex predators among 3 fugitives nabbed at Texas border in 24-hour CBP sweep
Watch: Dem State Rep Freaks Out So Badly During Redistricting Debate That He Makes Physical Contact with Cops
Southern Poverty Law Center pleads not guilty as CEO vows to fight fraud case
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.
Watch: Startling Megyn Kelly Comments – Is She Getting Friendly With Islam Too?
Ex-Reality TV Star Exposes LA Mayor Over Wildfire Disaster to Her Face Mid-Debate
US intel community agreed before war ‘Iran wasn’t developing a nuclear weapon’: ex-counterterrorism chief
California county finds nearly 600 unopened ballots months after Newsom-backed redistricting measure passed
Trump motorcade drives across Lincoln Memorial Reflecting Pool to inspect renovation efforts
Trump praises Susie Wiles’ cancer fight in surprise gala video: ‘Winning it decisively’
Trump takes motorcade into Reflecting Pool, blasts past ‘$38M disaster’ fix under Obama
Man indicted for allegedly posting gruesome death threats against Kristi Noem, Pam Bondi on social media
Paralyzed subway victim confronts attacker, calls his actions ‘evil’ at sentencing
EMT Students Snap Into Action When They Realize Instructor Isn’t Acting During Training Exercise: ‘OK, This Is Real’
State Department set to revoke passports of thousands of parents with unpaid child support debt
Prominent Democratic Mayor Announces Unexpected Resignation 6 Months After Re-Election
Child sex predators among 3 fugitives nabbed at Texas border in 24-hour CBP sweep
Watch: Dem State Rep Freaks Out So Badly During Redistricting Debate That He Makes Physical Contact with Cops
Southern Poverty Law Center pleads not guilty as CEO vows to fight fraud case
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.
