- New Documents Show Hunter Biden’s name still listed on Chinese company’s Board of Directors
- Hunter retains 10% ownership stake in company
- Hunter Biden did deals in China while father was Vice President, point person on US-Chinese relations
In the latest episode, Peter Schweizer discusses the latest documents from Hunter Biden’s Chinese company, and what they reveal about Hunter’s continued financial interests in the country.
Full Transcript:
We know Joe Biden hasn’t left his basement much these days. But what about his son Hunter? Well, financially, at least he appears to never have left China.
I’m Peter Schweizer, and this is The Drill Down. Where we Drill Down on Federal Government Cronyism and Corruption.
I’ve reported extensively about Hunter Biden, his business deals with the Chinese government, and the troubling questions they raise.
But newly revealed Chinese business records may be adding more to that list.
In an effort to assuage concerns about his business deals with the Chinese government, Hunter Biden’s lawyer had pledged that the Hunter would step down from his private equity company’s board of directors last October.[i]
But the latest corporate filings of his company, BHR Partners, still list him on the board of directors.[ii]
Biden’s lawyer claims that his client did resign, and has produced a document from Hunter’s China-based company saying as much.[iii]
Maybe.
But Hunter’s attorney did not address the more important problem – the fact that Hunter still owns a piece of the Chinese company, called B-H-R.
That’s an investment vehicle, financed by the government of China, which has conducted at least two-point-five billion dollars worth of deals.[iv]
And Hunter Biden has a ten percent equity piece of THAT.
Recall that Hunter joined BHR as a partner while his father was Vice President of the United States and point person on America’s China policy. Hunter had little experience in China, or private equity at the time.
And keep in mind, this is just one of several China deals that Hunter was working while his father was Vice President, which even the New York Times acknowledges was “high paying work” for Hunter.[v]
Those deals include Rosemont Realty, which was purchased by a Chinese government supported company. The Biden camp has never provided any information ab out how Hunter might have benefitted from that deal.
So, the idea that Hunter could still profit off of the Chinese government if his father becomes president remains an incredible potential conflict. A conflict that seems all the more troubling when Joe Biden continues to dismiss China as a geopolitical threat.
In the wake of the Corona Virus crisis and its Chinese origins, the US-Chinese relationship will be all the more crucial. And Hunter Biden’s financial entanglements in China would prove problematic to a potential Joe Biden Administration.
And, this latest controversy isn’t the first time Hunter Biden’s dealings abroad have raised eyebrows.
So what does Hunter do when these deals are called into question?
Well, consider Hunter Biden’s ventures in Ukraine. He joined the Board of Burisma, a corrupt Ukraininan oil company in April of 2014, collecting approximately one million dollars a year to serve on the board despite no experience in energy or Ukraine. However, his father was once again the point person on US policy towards Ukraine at the time.
Hunter was happy to collect that money from Ukraine until it became politically inconvenient for his father.
He quietly resigned from Burisma’s board in April of 2019, the same month his father launched his presidential campaign.[vi]
Throughout his career, Hunter Biden’s business deals have overlapped with his father’s role in public office. And that’s exactly the problem.
This latest revelation about Hunter’s continued involvement with the Chinese government poses serious questions about the Biden family’s priorities.
And sadly, when it comes to taking Hunter Biden at his word, he hasn’t earned the benefit of the doubt.
I’m Peter Schweizer, and this is The Drill Down. For more episodes, find us on social media, or subscribe at drilldowntv.com
Sources
- [1] https://medium.com/@george.mesires/a-statement-on-behalf-of-hunter-biden-dated-october-13-2019-d80bc11087ab
- https://cdn01.dailycaller.com/wp-content/uploads/2020/04/bhr-english-4-14-20.pdf
- https://lawandcrime.com/high-profile/lawyer-shares-letter-from-chinese-investment-firm-saying-hunter-biden-resigned-in-oct-2019/
- https://www.wsj.com/articles/what-we-know-about-hunter-bidens-dealings-in-china-11570181403
- https://www.nytimes.com/2020/04/18/us/politics/trump-china-virus.html
- https://www.nytimes.com/2019/05/01/us/politics/biden-son-ukraine.html