Hunter Biden steps down from Chinese company as Trump attacks
Hunter Biden, the son of Democratic presidential hopeful Joe Biden, is stepping down from the board of a Chinese-backed private equity firm following blistering attacks from US president Donald Trump.
According to the New York Post, in a letter released on Sunday by his lawyer George Mesires, Hunter Biden will also vow not to serve on the boards of foreign-owned companies if his father is elected president.
“Under a Biden Administration, Hunter will readily comply with any and all guidelines or standards a President Biden may issue to address purported conflicts of interest, or the appearance of such conflicts, including any restrictions related to overseas business interests,” Mr Mesires said in the statement.
“In any event, Hunter will agree not to serve on boards of, or work on behalf of, foreign owned companies.”
Hunter Biden will resign from BHR Equity Investment Fund Management Co. by Oct. 31.
Mr Mesires stated that Hunter Biden’s involvement with the Ukraine holdings pertained to helping the independent natural gas company develop “corporate reform initiatives”.
“At no time was Hunter in charge of the company’s legal affairs. Like all Burisma directors, Hunter was compensated for his board service,” Mr Mesires wrote.
“Hunter, you know nothing about energy. You know nothing about China. You know nothing about anything, frankly,” the US president said to cheers from the crowd. “Hunter, you’re a loser.”
Mr Trump and his personal lawyer Rudy Giuliani have claimed that Hunter Biden was paid millions by China while his father served in the Obama administration, and the president urged China and Ukraine to investigate the Bidens.
Where’s Hunter? He has totally disappeared! Now looks like he has raided and scammed even more countries! Media is AWOL.
Mr Mesires said the younger Biden took the positions because he always “understood that his father would be guided, entirely and unequivocally, by established US policy, irrespective of its effects on Hunter’s professional interests.”
This article first appeared in the New York Post and is republished with permission.
Originally published as Biden’s son steps down amid Trump attacks