Recently, U.S. media outlet The Daily Caller revealed for the first time that President Biden’s son, Hunter Biden, still holds shares in Chinese companies, in violation of Biden’s campaign promises, according to online business records.
Citing records from Qixinbao and Baidu in mainland China, the Daily Caller news site noted that Hunter still holds a 10 percent stake in the Chinese company BHR Partners through Skaneateles LLC, an American company under his name.
Hunt’s lawyer, George Mesires, had argued in October 2019 that Hunt had not received any return on his BHR investment. But the report noted that Hunter’s business partner, Eric D. Schwerin, has repeatedly emailed that Hunter is expected to start receiving large payments from BHR in 2019.
In March, U.S. senators released a report revealing “suspicious financial transactions” between Hunt and his associates and foreigners, including the wife of the former Moscow mayor and people with ties to the Chinese Communist Party, amounting to millions of dollars.
Earlier in his campaign, Biden promised that if he were elected president, he and his family would unambiguously disassociate themselves from foreign business. And Biden also reiterated in December 2019 that his family would no longer engage in any foreign business.
White House Press Secretary Jen Psaki had said in February that while Hunt still holds a stake in a Chinese company, “there has been an effort to reduce his investments.”
Neither the White House nor Mays has responded to the news so far.
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