Hunter Biden steps down from Chinese-backed board; promises to abide by any rules made by a ‘President Biden’

(File photo by Paul Morigi/Getty Images for World Food Program USA)

Hunter Biden has come out of hiding … sort of.

With President Donald Trump asking, “Where is Hunter,” former vice president Joe Biden’s son announced Sunday that he’s stepping down from the board of a Chinese-backed private equity company.

Keeping a low profile amid the controversy over Trump’s phone call to the Ukrainian president, Hunter Biden’s attorney, George Mesires, also said his client will forgo any foreign work if his father is elected president in 2020.

Speaking on his overseas business with China and Ukraine, the lawyer also said that Hunter Biden “undertook these business activities independently.”

More from his statement:

Hunter always understood that his father would be guided, entirely and unequivocally, by established U.S. policy, irrespective of its effects on Hunter’s professional interests. This was the standard observed throughout Hunter’s professional career. When Hunter engaged in his business pursuits, he believed that he was acting appropriately and in good faith. He never anticipated the barrage of false charges against both him and his father by the president of the United States.

Hunter makes the following commitment: Under a Biden Administration, Hunter will readily comply with any and all guidelines or standards a President Biden may issue to address purported conflicts of interest, or the appearance of such conflicts, including any restrictions related to overseas business interests. In any event, Hunter will agree not to serve on boards of, or work on behalf of, foreign owned companies.

Repeating the assertion that Hunter did not discuss these dealings with his father, the statement added that “he will continue to keep his father personally uninvolved in his business affairs.”

The younger Biden serves on the board of BHR (Shanghai) Equity Investment Fund Management Company, having invested approximately $420,000 to acquire a 10% equity position in the company, which he still holds, Mesires noted. He also stressed that Hunter Biden “has not received any compensation for being on BHR’s board.”

Trump alleged that Hunter procured $1.5 billion from China for a private equity fund after he accompanied his father to Beijing on an official visit in December 2013 — the Biden camp disputes this.

“When Biden’s son walks out of China with $1.5 billion in a fund — and the biggest funds in the world can’t get money out of China — and he’s there for one quick meeting, and he flies in on Air Force Two, I think that’s a horrible thing. I think it’s a horrible thing,” Trump said Sept. 25, during a joint press conference with Ukrainian President Volodymyr Zelensky.

It was during Trump’s call with Zelensky that he asked the leader to get to the bottom of then-Vice President Joe Biden pushing to have a top prosecutor fired in that nation and threatening to withhold billions in loan guarantees — that prosecutor was investigating corruption and one of the companies he was looking into was Burisma Holdings, the largest independent natural gas producer in Ukraine.

Hunter sat on the board of that company for five years, being paid up to $50,000 a month — he stepped down earlier this year.

The call is the driving factor in the Democrat Party’s rogue impeachment effort. The party is claiming there was a quid pro quo, alleging that Trump threatened to withhold foreign aid if Zelensky didn’t “dig up dirt on Biden,” as the anti-Trump media likes to portray it.

Transcripts of the call released by the White House failed to support that allegation.

Tom Tillison

Senior Staff Writer
[email protected]com

The longest-tenured writer at BizPac Review, Tom grew up in Maryland before moving to Central Florida as a young teen. It is in the Sunshine State that he honed both his passion for politics and his writing skills.
Tom Tillison

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