U.S. Democratic presidential candidate Hunter Biden, the second son of former Vice President Biden, has recently been kicked to the curb for allegedly using his father’s power for unscrupulous political and business interests in China and Ukraine. The National Pulse, a U.S. online media outlet, has been releasing emails from Hunter’s laptop that were sent for repair, and on the 28th, it was revealed that Hunter claimed to be the CEO of CEFC China Energy. Huaxin Energy was founded by the now-missing Chinese tycoon Ye Jianming, and has been working with the PLA since its founding.
Founded by now-missing Chinese tycoon Ye Jianming, Huaxin Energy has worked with the People’s Liberation Army since its inception. According to a report by the Project 2049 Institute, a Washington think tank, Huaxin Energy is alleged to be a political arm of the Chinese military. The Wall Street Journal also said that in 2018, Huaxin Energy was a supplier to the PLA with an annual turnover of more than $40 billion, including Middle East oil production, China-EU financial holdings, Singapore trade, and oil depots for China’s national strategic reserves. According to sources, Huaxin supplies the PLA.
Hunter made it clear in his emails that he was unquestionably the managing director of Huaxin and that “I have full authority to decide who I hire and who I fire,” the newspaper alleged. “I have no joint venture relationship with Huaxin. I am not a partner of Watson. I am not employed by or funded by Watson. No employee of Watson can audit my expenses. The chairman of Huaxin has no valid reason and no ability to terminate HW3.”
Recipients of the email include Mervyn Yan and GongWen Dong, both contacts associated with the Chinese Communist Party, as well as Biden’s brother, Jim Biden. The letter appears to refer to a dispute between Yan and Dong and Hunt over reimbursement of expenses. Hunt’s letter warned that reimbursement of expenses was not a matter for the board of directors, but for the managing director, and that if they refused to do so, he would remove them from the board for unfairly interfering with shareholders’ rights: “I am the only shareholder on the board. I will be suing in the Chancery Court in Delaware. As you know, Delaware is my home state and I have had the privilege of working with and knowing the judges of the Chancery Court of Equity.”
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