First Son Hunter Biden continues to own a large stake in a Chinese private equity firm, in defiance of President Joe Biden’s pledge that his family would divest in foreign business interests.
Hunter’s company, Skaneateles LLC, holds a 10 percent stake in Chinese private equity firm Bohai Harvest RST Equity Investment Fund Management Co., according to business records reviewed by The Daily Caller.
BHR Partners is co-owned by the state-controlled Bank of China, the outlet noted.
In 2019, then-candidate Biden vowed that his family would be free of international financial entanglements; a contrast to the Trump Organization’s global footprint.
“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 at the time.
Hunter stepped down from BHR’s board in 2019 over increased scrutiny of his father’s bid for the Democratic nomination.
Source: Hunter Biden continues to invest in equity firm linked to China’s central bank
