President Joe Biden has been in office for 100 days and has breached a major promise he made when his son Hunter’s first conflicts of interest and corruption erupted. Biden promised that neither he nor any family member would be involved with foreign business dealings should he become president.
Biden made the promise in a heated interview given to Axios HBO in 2019, when the corruption of the current president’s son, Hunter Biden, came to public prominence.
However, Hunter Biden continues to hold a significant stake in a Chinese private equity firm, defying President Joe Biden’s promise that his family would divest itself of its foreign business interests.
According to business records reviewed by The Daily Caller, Hunter’s company, Skaneateles LLC, has a 10 percent stake in Chinese private equity firm Bohai Harvest RST Equity Investment Fund Management Co.
In turn, making it even more controversial is that BHR Partners is co-owned by the Bank of China, which is directly controlled by the Chinese communist regime, the media outlet noted.
According to its website, as business records show, the Chinese regime manages the equivalent of $2.1 billion in assets.
“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,” Biden said in an interview just a week after taking office.
In February, White House press secretary Jen Psaki admitted that Hunter was still an investor in BHR but that he was “selling his shares.”
However, so far, there is no news either that these shares have been officially sold or that they are in the process of being sold.
In December, Hunter revealed that the federal government was investigating his foreign business dealings after The Post reported that he helped arrange a controversial meeting in 2015 between his father, then vice president and the Ukrainian energy company chief executive Biden later helped shield from the corruption investigation.
However, emails located on a copy of Hunter Biden’s alleged laptop show that his business partner Eric Schwerin told him on multiple occasions that he could expect to receive significant payments from BHR beginning in 2019, the Daily Caller previously reported.
Hunter Biden’s attorney, George Mesires, stated in October 2019 that Hunter Biden had not received any return on his investment in BHR.
However, emails found on a copy of Hunter Biden’s famous laptop show that his business partner Eric Schwerin told him on multiple occasions that he could expect to receive significant payments from BHR starting in 2019, the Daily Caller News Foundation previously reported.