According to business records recently accessed from China’s National Credit Information Publicity System, Hunter Biden still holds a stake in the Chinese private equity firm that had been sanctioned in 2019 for committing human rights violations. While Joe Biden emphasized after his election victory that his son would not be involved in any business or enterprise that conflicts with the presidency and government, it doesn’t seem that he’s kept his word.
Back in February, White House press secretary Jen Psaki announced that Hunter Biden was in the process of divesting his 10% stake in the Shanghai-based Bohai Harvest RST Equity Investment Fund Management Company (BHR Partners) and “winding down” his investments in the firm. But Hunter has continued to hold a 10% equity stake in BHR Partners to this day. Hr holds his stake through Skaneateles LLC, of which Hunter is the sole beneficial owner.
Hunter has not indicated why he still holds a stake in the company or if he expects to receive a return on his investment, which was priced at $420,000 back in October 2017. Emails from his abandoned laptop show business partner Eric Schwerin telling him that he would receive “significant payments” from BHR beginning in 2019 because of the CATL exit and that he can expect the company to generate income for him “over the next couple of years.”
Hunter also holds a stake in the Chinese facial recognition company Megvii which was later sanctioned by the U.S government for “repression, mass arbitrary detention, and high-technology surveillance” against Uyghurs, Kazakhs, and other members of Muslim minority groups.
WH secretary Psaki was asked during the daily White House press conference about Hunter’s continued 10% stake in the company and what President Biden said during the campaign about his family not having any business relationships with anyone that relates to a foreign corporation or country.
“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 previously shared on the campaign trail.
Newsmax reporter Emerald Robinson said it would be “assuring to the American people” to know whether or not Biden plans to leave BHR Partners. One of Hunter’s attorneys, George Mesires, even said the young Biden would leave BHR by October 2019.
“I conveyed to you, and then I think I’m going to have to move on, you should talk to his representatives,” Psaki started, refusing to answer the question.
Robinson attempted to interject, in which Psaki said, “There’s no reason to yell, I’m certainly not yelling. You should talk to his representatives. … He’s been working to wind that down. Beyond that, I think you should talk to his representatives.”
Psaki refused to say whether Hunter had divested his stake or if he plans to, especially with President Biden’s pledge that would prohibit his family members from being involved in foreign business deals.
It doesn’t come as a surprise that Hunter Biden has not decided to liquidate his stake. He’s too busy setting up his art shows and it would compromise everything he owns. Just like the Clinton’s and the rest of the Washington D.C swamp, Hunter has learned the art of money laundering.