Hunter Biden Keeps Grasp on Chinese Assets

Photo by Center for Strategic & International Studies via Wikimedia Commons

Hunter Biden continues to hold a minority stake in a Chinese private equity firm that invested in a technology company that was sanctioned in 2019 for committing human rights violations against Uyghurs.

President Joe Biden promised in October 2019 during his campaign that nobody in his family would have any business relationship with any foreign corporation or country if he won the White House. The president reiterated his promise in December 2020 after his election victory, saying his son would “not be involved in any business, any enterprise that is in conflict with or appears to be in conflict with an appropriate distance from the presidency and government. ”

“No one in my family will have an office in the White House, will sit in on meetings as if they are a cabinet member, will, in fact, have any business relationship with anyone that relates to a foreign corporation or a foreign country,” Joe Biden said in October 2019. “Period. Period. End of story.”

Despite his father’s promises, Hunter Biden continues to hold a 10% equity stake in the Chinese equity firm, BHR Partners, through his company, Skaneateles LLC, according to business records accessed Monday from China’s National Credit Information Publicity System.

Read more at The Daily Caller. 

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