National Review
White House Press Sec evades when asked why Hunter Biden still has a stake in Chinese investment firm
White House press secretary Jen Psaki asked a question on Friday about why President Biden’s son, Hunter Biden, still has an investment in a Chinese company. Asked at a White House press conference if she had an update on Hunter Biden’s divestment of his ten percent stake in Chinese private equity firm BHR Partners, Psaki referred a reporter to the younger Biden’s lawyers. “He has been working to settle his investment,” said Psaki, adding, “as a private individual, I would like to point out him or his lawyers with each update.” In December, Biden assured voters that he and his family would not be involved in business dealings that appear to conflict with the office of the president. “My son, my family will not be involved in any business or company that conflicts with or appears to be in conflict with proper distance from the presidency and government,” Biden said during an appearance on CNN. Hunter Biden was reportedly in the process of divesting his equity stake in BHR in late December, but as of last week, he appears to have kept his investment through his company, Skaneateles LLC. BHR, whose largest shareholder is the Chinese government-controlled Bank of China, has invested approximately $ 2.1 billion. Hunter Biden came under scrutiny last year for his lucrative position on the board of Ukrainian natural gas company Burisma. In leaked emails from 2014, Biden appears to be trying to use his influence on his father, then Vice President Joe Biden, who was deeply involved in US policy on Ukraine, referring to the elder Biden as “ my husband ‘. He has also been criticized for entering into a consulting contract with China’s largest private energy company that initially raised Hunter Biden $ 10 million a year “for introductions alone,” according to leaked emails. According to Gallery Books, a print by Simon & Schuster, Hunter Biden’s memoir, “Beautiful Things,” will be out April 6. The book will focus on the younger Biden’s well-documented drug abuse issues.