Hunter Biden Steps Down From Mysterious China Equity Firm

After days of “Where’s Hunter?” being posted and shared throughout social media, Hunter Biden, via a prepared statement from his attorney, announced he has resigned his board position on a China-backed private equity firm that is said to have given billions to Biden’s firm following a visit by then-Vice President and current presidential candidate, Joe Biden.

Image result for Hunter Biden in China

Via Bloomberg:

Hunter Biden is stepping down from the board of a Chinese-backed private equity company and promising to forgo all foreign work if his father, former U.S. Vice President Joe Biden, is elected president in 2020.

After months of keeping a relatively low-profile as President Donald Trump leveled a barrage of unsubstantiated accusations of corruption at him, the younger Biden is publicly vowing to avoid any conflict of interest.

…Hunter Biden also sought to counter increasing Trump campaign attacks on his ties to China. He denied Trump’s repeated allegations that he procured $1.5 billion from China for a private equity fund after he flew on Air Force Two with his father in December 2013 to Beijing.

He serves on the board of BHR (Shanghai) Equity Investment Fund Management Company, which was set up in 2013 to invest Chinese capital outside China. He previously acknowledged meeting with Jonathan Li, a Chinese banker and partner in the fund, during the 2013 trip but has said it was a social visit and they didn’t talk business. (What sons of Vice Presidents don’t have regular “social visits” with Chinese bankers, right?)

 

 


Posted in DC Whispers.