In the weeks leading up to the 2020 election, the mainstream media — in conjunction with Big Tech — banded together to suppress reports relating to Hunter Biden in what many viewed as an effort to protect former Vice President Joe Biden from any news coverage that could negatively impact his campaign.
That changed as soon as the election was over, however — and now, a pair of shocking reports have been released that indicate Hunter Biden is currently “in the process” of divesting his 10% share in a Chinese investment fund management business, according to the Washington Examiner.
The news, first shared in reports from the Wall Street Journal and the U.K.’s Daily Mail, comes on the heels of Joe Biden promising that “no one” within the ranks of his family would have any ties to foreign businesses or governments while he’s in the White House.
Conflict of interest?
Hunter Biden seems to have had quite a bit of luck in his — often shady — dealings with foreign entities in countries like China, Ukraine, and Russia. Some, including Fox News host Tucker Carlson, believe those lucrative dealings were a direct result of Hunter Biden selling access to his father while Joe was vice president for eight years.
The latest controversy, as reported by the Examiner, includes Hunter Biden’s ownership of his share of a Shanghai-based company known as Bohai Harvest RST, through a Hunter Biden-directed firm known as Skaneateles. Bohai Harvest RST is an equity investment fund management company with which Hunter Biden formerly held a board seat.
Earlier in 2020, Hunter Biden formally submitted his resignation to the company through China’s National Credit Information Publicity System, the Examiner reported.
It would behoove Hunter Biden to finish divesting his share in the company sooner than later, as his father promised no connections with China through his family members during an Iowa campaign stop last year.
“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. Period. Period. End of story,” Joe Biden said, according to the Examiner‘s report.
It’s just the beginning
Hunter Biden’s stake in the Chinese company — which is backed by the Bank of China — is yet another presumably aggravating issue plaguing Joe Biden’s transition team. It was also announced recently that the younger Biden is under federal investigation in no less than two states.
According to Fox News, inside sources reported that Hunter Biden is also either the subject or a target of a grand jury investigation, though no further details about that investigation have so far been released.
The U.S. Attorney’s Office in Delaware is currently investigating Hunter Biden’s “tax affairs,” according to a statement from him earlier this month. Hunter Biden expressed confidence that the investigation would eventually be wrapped up with no issues, as he said he handled his “affairs legally and appropriately, including with the benefit of professional tax advisors.”
Though Joe Biden’s transition team hasn’t publicly expressed any worries related to the investigations into the junior Biden, something tells me there are a lot of people losing sleep over this fiasco. And it’s only just getting started.