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.
Trump threatens to pull Boebert endorsement, calls congresswoman ‘weak minded’ over Massie support
Trump celebrates after UN climate committee moves away from its most extreme global warming scenario
Trump scores major Republican primary victory as Cassidy ousted in Louisiana
Maduro’s alleged ‘bag man’ Alex Saab arrested less than 3 years after Biden pardon: report
Massachusetts governor asks US Navy to help retrieve bodies, evidence from sunken fishing vessel
Trump shares stunning photos of Lincoln Memorial Reflecting Pool renovation, says project is ahead of schedule
Suspected drunk driver kills 2 pedestrians in violent chain-reaction crash on Manhattan’s Upper West Side
Breaking: US Makes ‘Intense Preparations’ for Impending Iran Attacks as Trump Sends Warning
US Attorney Pirro Lays Down Law: Parents Need to Stop ‘Teen Takeovers’ or Face Jail
We Were Right: 13 Heads Roll as DC Police’s Conspiracy to Deceive Public on Astronomical Crime Rates Exposed
Masked suspect charged with using fuel, fireworks in Walmart kids section as cover for massive jewelry heist
Former college soccer player killed in boat crash after group allegedly took vessel without authorization
Pope Leo does ‘6-7’ trend for children at the Vatican
Violent Repeat Offender Left Psych Ward Days Before Allegedly Shooting Up Busy Massachusetts Street
Second FDA executive departing organization in less than a week as top drug regulator claims she was fired
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.
Trump threatens to pull Boebert endorsement, calls congresswoman ‘weak minded’ over Massie support
Trump celebrates after UN climate committee moves away from its most extreme global warming scenario
Trump scores major Republican primary victory as Cassidy ousted in Louisiana
Maduro’s alleged ‘bag man’ Alex Saab arrested less than 3 years after Biden pardon: report
Massachusetts governor asks US Navy to help retrieve bodies, evidence from sunken fishing vessel
Trump shares stunning photos of Lincoln Memorial Reflecting Pool renovation, says project is ahead of schedule
Suspected drunk driver kills 2 pedestrians in violent chain-reaction crash on Manhattan’s Upper West Side
Breaking: US Makes ‘Intense Preparations’ for Impending Iran Attacks as Trump Sends Warning
US Attorney Pirro Lays Down Law: Parents Need to Stop ‘Teen Takeovers’ or Face Jail
We Were Right: 13 Heads Roll as DC Police’s Conspiracy to Deceive Public on Astronomical Crime Rates Exposed
Masked suspect charged with using fuel, fireworks in Walmart kids section as cover for massive jewelry heist
Former college soccer player killed in boat crash after group allegedly took vessel without authorization
Pope Leo does ‘6-7’ trend for children at the Vatican
Violent Repeat Offender Left Psych Ward Days Before Allegedly Shooting Up Busy Massachusetts Street
Second FDA executive departing organization in less than a week as top drug regulator claims she was fired
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.
