Hunter Biden STILL owns a stake in the Chinese company 100 days after his father’s presidency, despite father’s vow that NONE of his family would have any foreign business interests
- Joe Biden promised that neither he nor his family would have any foreign business ties
- The president swore in October that no international transactions would take place
- Still, his son Hunter, 50, still owns 10 percent in a Chinese private equity firm
- Hunter is a co-owner of Bohai Harvest RST Equity Investment Fund Management Co.
- BHR Partners is co-owned by Bank of China, the state-controlled central bank
- Hunter announced in October 2019 that he would be stepping down from the board of BHR Partners
- The White House said in February that the divestment took some time
Joe Biden’s son Hunter still has a stake in a Chinese private equity firm, according to a report – despite a campaign promise that neither he nor his family would keep any foreign business interests.
Hunter, 50, retains a 10 percent stake in the Bohai Harvest RST Equity Investment Fund Management Company, Fox news reported.
BHR Partners is co-owned by the Bank of China, the state-controlled central bank.
Hunter Biden, who appeared on Jimmy Kimmel Live in April, still retains foreign business interests
Hunter Biden with his wife Melissa and Joe Biden, pictured March 26 at Andrews joint base
In October 2019, Joe Biden said on the campaign trail, “ No one in my family will have an office in the White House, attend meetings as if they were a cabinet member, basically have something to do. relationship with someone related to a foreign company or country. ‘
Hunter Biden was on the board of BHR
He was looking for his predecessor Donald Trump, who hired daughter Ivanka and son-in-law Jared Kushner as senior advisers to the White House.
The former president also brought in several other family members to help spread his government’s message.
Hunter Biden said at the time that he was stepping down from the board of the company.
Asked why he hadn’t divested, 100 days after his father’s presidency, the White House referred to spokeswoman Jen Psaki’s comments in February when she said it took time – and then pushed the dollar through.
“He has been working to settle his investment, but I would certainly like to tell you – he is a private individual,” said Psaki.
“I’d like to point you to him or his attorneys from outside with every update.”
Hunter Biden’s business dealings have long left his father a headache amid allegations that the troubled Harvard-trained attorney changed his family name.
Hunter had business interests in Ukraine, China, and Kazakhstan, which raised concerns about peddling influence.
Joe Biden has denied having any knowledge of his son’s work.
Joe Biden with his son Hunter, seen in January 2009