Hunter Biden is finally in the process of divesting the 10 percent he owns in a Chinese investment fund, as his dad prepares to be sworn-in as President of the United States in under a month.
A person familiar with the situation stated that Hunter Biden will offload his stake in Bohai Harvest RST, which The Wall Street Journal reported he still owned earlier this week.
President-elect Joe Biden again promised in an interview earlier this month that his son would not be involved in any business dealings that could present a conflict of interest.
‘My son, my family will not be involved in any business, any enterprise, that is in conflict with or appears to be a conflict, with the appropriate distance from, the presidency and the government,’ the president-elect vowed during a CNN sit-down.
The Journal had reported that a Delaware-registered corporation called Skaneateles LLC, which is controlled by Hunter Biden, still owned a 10 percent stake in BHR.
The newspaper said it would be possible for Hunter Biden to sell his stake in BHR, but it would be complicated because the firm owns a number of unlisted assets and thus the value would be hard to ascertain.
Hunter Biden pledged in October 2019 that he wouldn’t serve on any foreign boards if his father won the 2020 presidential election.
While he did resign from the BHR board at that time. Not surprising over a year after his statement, and almost two months after his father won the 2020 presidential election, Hunter Biden is still neck-deep in some shady business deals.
Not to play devil’s advocate, but one has to wonder if Hunter wasn’t selling his stock until the very last moment knowing that once his father is sworn in as President any stock related to China will most likely skyrocket based on Joe Biden’s cozy relations with the communist country.
A statement from Hunter Biden’s lawyer last year to the newspapers said that he ‘has not received any return on his investment’ in BHR.
But as TuskerDaily reported an investigation by the Republican-led Senate found that even if true, Hunter Biden still made millions off of multiple cloak-and-dagger deals.
Media Claimed The Chinese Investment Fund Was Russian Disinformation
The December 9th announcement from Hunter Biden that he was under investigation by the federal government over tax evasion, which as TuskerDaily reported revolves in part around an $80,000 diamond.
Hunter Biden was gifted a 2.8-carat diamond from a Chinese energy tycoon who also wired nearly $5 million to Biden’s law firm.
According to Hunter Biden’s divorce proceedings, the diamond, as well as the Chinese energy tycoon who gave it to him have mysteriously gone missing.
During his 2017 divorce to his wife of more than 20 years, Kathleen Biden testified that Hunter told her that he had placed the diamond in a safety deposit for the duration of the divorce proceeding.
But according to Kathleen Biden’s lawyer, Hunter was refusing to divulge the location of said safety deposit box.
No further information became available as far as the diamond was concerned, saince the records have since been sealed.
Hunter Biden’s Dec. 9th announcement put renewed attention on his shady foreign dealings, including BHR.
When BHR was formed in 2013, Hunter Biden joined on as an unpaid director.
BHR was funded by the Bank of China, a state-owned entity, as well as other Chinese government financial firms.
Hunter Biden ramped up business activities with European, Russian, and Chinese tycoons as his father left office four years ago.
In one of those shady business deals, Hunter became a shareholder in BHR, according to regulatory filings in China that the Journal found.