Published: Sun, October 13, 2019
Sport | By Kayla Schwartz

Joe Biden's son Hunter announces resignation from Chinese firm amid impeachment row

Joe Biden's son Hunter announces resignation from Chinese firm amid impeachment row

Hunter Biden reportedly stepped down from the board of a Chinese-backed private equity company and has vowed to cease all foreign work should his father, Joe Biden, be elected president in 2020.

"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", Mesires said.

The Bidens have been battered with allegations that Hunter improperly leveraged his father's influence as vice president to profit from foreign business deals in Ukraine and China-allegations which both have denied, and which Hunter again denied in the statement issued by his lawyer, George Mesires.

Hunter Biden became a member of Burisma's board in 2014, earning $100,000 a month, while his father was vice president. The adviser also didn't know why it had taken weeks for this to happen, referring questions on that to Hunter Biden's lawyer.

President Trump and his allies, including Giuliani, allege Biden tried to have Shokin fired because he was investigating his son. When Hunter engaged in his business pursuits, he believed that he was acting appropriately and in good faith.

Mr Trump and his supporters have accused Joe Biden of abusing his power as vice-president to pressure Ukraine to back away from a criminal investigation that could implicate his son who then worked for a Ukrainian energy company.

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Instead the young Biden pledged he wouldn't work for any foreign-owned companies or serve on their boards during a potential Biden administration.

"He by no way anticipated the barrage of inaccurate prices in opposition to each him and his father by the President of the United States". "He has not received any return on his investment; there have been no distributions to BHR shareholders since Hunter obtained his equity interest". The calls to investigate Hunter Biden have come without evidence of wrongdoing by either Biden, in either country.

A New Yorker article in July quoted Hunter Biden as saying that he and his father had one conversation during which they discussed his work with Burisma.

A whistleblower raised concerns about the phone call, prompting the launch of a formal impeachment investigation last month.

"To date, Hunter has not received any compensation for being on BHR's board of directors", Mesires said. Hunter Biden left the company in April.

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