According to reports, Hunter Biden, son of former vice president Joe Biden, is stepping down from the board of a Chinese-backed private equity company and promising to forgo all foreign work if his father is elected president in 2020.
After months of keeping a relatively low-profile as President Donald Trump leveled a barrage of mostly unsubstantiated accusations of corruption at him, the younger Biden is publicly vowing to avoid any conflict of interest.
According to a statement released on his behalf by his lawyer George Mesires, Biden said he’ll “resign at the end of the month from the management company of a private equity fund that’s backed by Chinese state-owned entities.” He also pledged that he wouldn’t work for any foreign-owned companies or serve on their boards during a potential Biden administration. Hunter Biden also stressed that he never discussed his business activities with his father.
President Trump has yet to react directly to the younger Biden’s announcement, however the president has continued to call for transparency from Hunter and Joe Biden regarding their business dealings with companies in China and Ukraine.
“But (I) also insist on transparency from Joe Biden and his son Hunter on the millions of dollars that have been quickly…taken out of Ukraine and China,” the president said recently. “Millions and millions of dollars (were) taken out very rapidly while he was vice president.”
During an interview last week, President Trump’s China advisor Michael Pillsbury, said he attempted to discuss the Bidens with Chinese officials while visiting Beijing.
“I’ve never seen them get so secretive in my entire life,” said Pillsbury. “The Chinese know they don’t want any American probe into what happened with Hunter Biden.”
Hunter said he believes he was acting appropriately and in good faith whenever he engaged in business pursuits.
“Hunter always understood that his father would be guided…by established U.S. policy, regardless of its effects on Hunter’s professional interests,” read the statement. “He never anticipated the barrage of false charges against both him and his father by the President of the United States.”