Hunter Biden, the first son, continued to own a large stake in a Chinese private equity firm, disregarding the pledge of President Joe Biden to establish his family in foreign business interests.
Hunter’s company Schnatelis LLC owns a 10 percent stake in the Chinese private equity firm Bohai Harvest RST Equity Investment Fund Management Company, which is reviewed according to business records. The Daily Caller.
BHR Partners is co-owned by the state-controlled Bank of China, noted.
In 2019, the then candidate Biden vowed that his family would be free from international financial complications; Unlike the global footprint of the Trump Organization.
“No one in my family will have an office in the White House, they will sit in meetings as if they are a cabinet member, in fact, have a business relationship with someone who belongs to a foreign corporation or foreign country,” he said. Time Biden said.
Hunter stepped down from BHR’s board in 2019 to probe his father’s bid for the Democratic nomination.
“Under a Biden administration, Hunter will easily follow any and all guidelines or standards. A chairman may address Biden’s interest conflicts, or the presence of conflicts in which any restrictions related to foreign business interests Is included, ”his lawyer said. Time.
In February, White House press secretary Jane Saki said Hunter was still an investor in BHR, but was selling his shares.
“, He is definitely working to reduce your investment, but I will certainly point you out – he is a private citizen – I will point you out to him or his lawyers on any updates,” said Saki The post said in response to a question.
In December, Hunter revealed that the federal government was investigating his foreign business dealings, The Post reported that he helped arrange a 2015 meeting between his then vice-president’s father and the Ukrainian energy firm’s executive owner – whom The elder Biden later helped protect him from the investigation.
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