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.
US military took down approximately 100 suspected cartel drones at southern border in August
Lindsay Clancy jury wraps day 6 with bombshell one-juror standoff, deliberations to resume Friday
WATCH: Bystanders, police lift Volkswagen off woman pinned underneath after dramatic e-bike crash
Missouri high court blocks GOP-backed congressional maps ahead of midterms; Trump blasts ‘ridiculous’ ruling
Clancy Verdict Deadlocked at 11-1, Defense Pushes for Holdout to Be Removed in Heated Exchange with Judge
Excavation set to begin on Trump administration’s 250-foot triumphal arch amid legal battle
GOP candidate gets busted trying to plant drugs on his political rival
With Gloria Steinem’s Death, Establishment Media Silences the Conservative Half of America
Court Forbids Mom to Take Daughter, 13, to Normal Christian Church – Used the Word ‘Cult’ in Official Docs
Pirro joins UK in mass crackdown on Chinese-linked scam centers
Watch: Kai Trump Breaks Down in Tears While Proving Media’s Portrayal of Trump Family Is All Lies
Trump Admin Announces Intent to Remove Tax-Exempt Status from Woke Private Colleges
Watch: JD Vance Pays Tribute to Karoline Leavitt in First White House Press Briefing Since Her Departure
Dramatic video shows SWAT vehicle ramming tractor during tense Oregon standoff
SEC Sues LSU and Lane Kiffin for ‘Violating the Conference’s First Amendment Rights’
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.
US military took down approximately 100 suspected cartel drones at southern border in August
Lindsay Clancy jury wraps day 6 with bombshell one-juror standoff, deliberations to resume Friday
WATCH: Bystanders, police lift Volkswagen off woman pinned underneath after dramatic e-bike crash
Missouri high court blocks GOP-backed congressional maps ahead of midterms; Trump blasts ‘ridiculous’ ruling
Clancy Verdict Deadlocked at 11-1, Defense Pushes for Holdout to Be Removed in Heated Exchange with Judge
Excavation set to begin on Trump administration’s 250-foot triumphal arch amid legal battle
GOP candidate gets busted trying to plant drugs on his political rival
With Gloria Steinem’s Death, Establishment Media Silences the Conservative Half of America
Court Forbids Mom to Take Daughter, 13, to Normal Christian Church – Used the Word ‘Cult’ in Official Docs
Pirro joins UK in mass crackdown on Chinese-linked scam centers
Watch: Kai Trump Breaks Down in Tears While Proving Media’s Portrayal of Trump Family Is All Lies
Trump Admin Announces Intent to Remove Tax-Exempt Status from Woke Private Colleges
Watch: JD Vance Pays Tribute to Karoline Leavitt in First White House Press Briefing Since Her Departure
Dramatic video shows SWAT vehicle ramming tractor during tense Oregon standoff
SEC Sues LSU and Lane Kiffin for ‘Violating the Conference’s First Amendment Rights’
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.
