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WHite House press secretary Jen Psaki dodged details of Hunter Biden’s stake in an investment firm linked to the Chinese government, saying only that “he was working to reduce that” and asking reporters to speak with the president’s son for more details.
The lack of transparency comes despite promises from President Joe Biden that his family will have no commercial ties abroad.
The Washington Examiner reported last week that Chinese business records indicate that Hunter Biden still appears to have a 10% stake in Bohai Harvest RST (Shanghai) Equity Investment Fund Management.
The president said his family would not be involved in “any business, any business that is in conflict or appears to be in conflict with an appropriate distance from the presidency and the government” during the presidential transition period in December, and a reporter has pressed Psaki about his Monday promise.
HUNTER BIDEN STILL OWNS 10% IN A CHINESE COMPANY
“I will tell you his representatives on that. He doesn’t work in the administration, ”Psaki said. When asked again if people deserved answers, she only added, “You should talk to his representatives – there is no reason to yell, I’m certainly not yelling – you should talk to his representatives. That remains his policy. He worked to calm it down. Beyond that, I would say talk to its representatives.
When the Washington Examiner asked the Biden administration last week whether Hunter Biden had yet followed through on his divestment, White House Deputy Press Secretary Andrew Bates only said, “We refer you to Jen’s comments. and representatives of Hunter Biden “.
Lawyers for BHR and Hunter Biden did not respond to questions from the Washington Examiner about whether he would relinquish his stakes in the Chinese firm.
Through one of his attorneys, George Mesires, Hunter Biden has promised to step down from the board of the Chinese company by the end of October 2019, but his resignation has been submitted to the National Enterprise Credit Information Publicity. System in spring 2020. It retains its ownership. stake.
A review of BHR’s financial documents, including 2019 board meeting minutes found on Hunter Biden’s purported laptop and provided to the Washington Examiner by Jack Maxey, former War Room podcast co-host by Steve Bannon, shows that the company had access to tens of millions or hundreds of millions of dollars for Chinese and global investments and set up a complex network of shell companies and subsidiaries based in China and the Cayman Islands.
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BHR has made significant investments in several controversial Chinese companies, including Megvii, sanctioned in 2019 for its alleged involvement in China’s high-tech crackdown and surveillance in Xinjiang, and the state-owned China General Nuclear Power group, blacklisted in 2019 for allegedly attempting to acquire US nuclear technology for military purposes in China.
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Key words: News, Hunter Biden, Joe Biden, Jen Psaki, China
Original author: Jerry dunleavy
Original location: Psaki dodges details of Hunter Biden’s investment in Chinese company
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