Hunter Biden Continues to Maintain His China Investment Holdings
Joe Biden's son, Hunter Biden, appears to be holding on to his hefty investment into China's BHR Partners.
Joe Biden’s son, Hunter Biden, appears to be holding on to his hefty investment into China’s BHR Partners.
Chinese business records show that Hunter Biden still exercises a 10% stake in the Chinese private equity firm BHR Partners. The revelation is contrary to reports given in December which suggested that he would be divesting his position in the company.
According to postings by Chinese public record companies Qixinbao and Baidu on Wednesday, Hunter continues to maintain his equity stake in BHR through his company, Skaneateles. Skaneateles LLC is a shell company where Hunter is the sole beneficial owner, according to Washington D.C. corporate records.
BHR manages nearly $2.1 billion in assets and is partly owned by the Chinese state-controlled Bank of China.
Hunter Biden’s lawyer, George Mesires said in an October 2019 statement that Hunter Biden had not received any return on his investment in BHR, however the statement is contradicted by information discovered in a trove of emails found on Hunter Biden’s laptop. The emails revealed that Hunter’s business partner, Eric Schwerin, notified him that he would be receiving payments from BHR beginning in 2019.
In his presidential Campaign, Joe Biden promised that no member of his family would engage in foreign business if he was elected president.
“No one in my family will have an office in the White House, will sit in on meetings as if they are a cabinet member, will, in fact, have any business relationship with anyone that relates to a foreign corporation or a foreign country,” Joe Biden told reporters. “Period. Period. End of story.”
Meanwhile, Hunter is currently under federal investigation concerning his business dealings with the Ukraine and China. The investigation has been focused on allegations of money laundering and tax evasion.
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