Hunter Biden still owns 10 percent stake in China firm: report

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President-elect Joe Biden’s son Hunter Biden still owns a 10 percent stake in an investment firm he formed with institutions owned by the Chinese Communist Party.

The continued ownership, first reported by the Wall Street Journal, comes despite the president-elect saying this month that Hunter won’t “be involved in any business, any enterprise that is in conflict with or appears to be in conflict with where there’s appropriate distance from the presidency.”

Hunter Biden formed the investment business, called BHR Partners, 12 days after he joined his father aboard Air Force Two for a December 2013 trip to Beijing.

The Journal reports that the firm is “controlled and funded primarily by large Chinese government-owned shareholders,” including the Bank of China.

Although it had initial goals of raising $1.5 billion in investment capital, it reportedly fell far short.

The Journal reports that a Hunter Biden-owned Delaware company, Skaneateles LLC, still owns 10 percent of BHR, according to business records.

A source close to Hunter Biden told Fox News that he’s in the process of offloading the ownership. But that too could invite scrutiny because his stake at one point was worth an estimated $420,000, in part based on capital invested by Chinese partners.

President-elect Joe Biden and his son Hunter Biden celebrate onstage at an election rally in Wilmington, Delaware, last month.
President-elect Joe Biden and his son Hunter Biden celebrate onstage at an election rally in Wilmington, Delaware, last month.
Jim Bourg/Reuters

Spokespeople for Joe Biden’s transition office did not immediately respond to a request for comment. An attorney for Hunter Biden also did not immediately respond.

Hunter Biden confirmed this month that he’s under federal investigation for possible tax fraud.

President Trump’s allies want there to be a special counsel reviewing Hunter Biden’s overseas business relationships so the investigation will be insulated from political pressure after Joe Biden takes office on Jan. 20.

In October, The Post reported that documents from Hunter Biden’s laptop appeared to implicate Joe Biden in his son’s business relationships in China and Ukraine.

A 2017 email chain involving Hunter Biden and associates brokering a proposed business deal with a Chinese energy company described a 10 percent set-aside for the “big guy,” whom former Hunter Biden business partner Tony Bobulinski publicly identified as Joe Biden. That China deal reportedly did not come to fruition.

Trump claimed repeatedly during the presidential campaign that China would “own” the US if Biden won, in part because of Hunter Biden’s business dealings in China.

House Democrats impeached Trump last year for inquiring with Ukraine about investigating Hunter Biden’s reported $50,000-per-month job on the board of Ukrainian energy firm Burisma, while his dad led the Obama administration’s Ukraine policy. Senate Republicans acquitted Trump after Trump defense lawyer Pam Bondi argued that White House visitor logs appeared to link Biden to his son’s employment.

“Here’s how Hunter Biden came to join Burisma’s board in April 2014: he was brought on the board by Devon Archer, his business partner,” Bondi said. “Public records show that April 16, 2014, Devon Archer meets with Vice President Biden at the White House. Just two days later on April 18, 2014, is when Hunter Biden quietly joins Burisma.”

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