Report: Hunter Biden Owns Part of Chinese Company Despite Pledge....

[IceWizard]

Report: Hunter Biden Owns Part of Chinese Company
Despite Pledge to Sell

October 2, 2021







Despite White House insistence that Hunter Biden would sever his business
ties with Chinese businesses, recent evidence suggests he maintains an indirect
connection to a government-linked Chinese company through a firm named
for the town of his mother’s birth, according to a new report.

Hunter Biden’s significant business dealings in Ukraine and China were the
subject of Senate investigations in 2020. His father, President Joe Biden,
said in December that during his administration, his family would have no
foreign business entanglements.

Throughout the eight months of the Biden presidency, White House press
secretary Jen Psaki and other White House officials have insisted the process
of divestment is taking place.

However, a new Washington Examiner report said Hunter Biden appears to
retain an interest in one Chinese firm through a limited liability corporation.

The report said Chinese records indicate Hunter Biden owns a 10 percent stake
in Bohai Harvest RST (Shanghai) Equity Investment Fund Management Company.
The company is known by the acronym BHR and is co-owned by the
state-controlled Bank of China.

A Senate report on Hunter Biden’s activities said BHR, “was eventually formed as
an investment fund and is reportedly ‘controlled and funded primarily by large
Chinese government-owned shareholders’ and is 80% controlled by Chinese entities.”

Although Biden appears to no longer be on the board of BHR, three Chinese business
websites reportedly show him as the sole owner of an LLC called Skaneateles.
Skaneateles is listed as a “sponsor/shareholder” with 3 million yuan ($464,000)
invested in BHR, amounting to 10 percent ownership.

The unusual name for the firm investing in China also matches the name of the
hometown of Hunter Biden’s mother and Joe Biden’s first wife, Neilia.

The report noted the LLC’s address matches a reported previous residence for Hunter Biden.

The Hunter Biden-China connections matter because of the way they appear to be
shaping U.S. policy, according to conservative commentator Peter Schweizer.

“There’s no question those conflicts exist. Joe Biden himself, two of his family members,
his son, Hunter Biden — of course — and his brother, James Biden, have received
millions of dollars from politically connected Chinese interests,” Schweizer said Sunday
during an appearance on the Fox Business show “Sunday Morning Futures.”

Schweizer called the Biden White House’s policy on China “a strategic retreat.”

“I mean, they talk tough. They claim that they’re serious about the challenge represented
by China. But what you basically get is retreat,” he said.

Schweizer said the money Hunter Biden made from foreign businesses can be linked
to activities that benefitted his father.

“[T]here’s plenty of evidence to support that Hunter Biden was paying Joe Biden’s bills,”
Schweizer said. “We know that there were contractors that were working on Joe’s private
residence in Delaware while he was vice president, and Hunter and his business associates
were handling the payment of those bills.”

“We know there were things like a private phone or several phones that Joe Biden had
while he was vice president. The bill was three hundred plus dollars a month that was
being paid by Hunter’s business.”

“You cannot subsidize a family member in politics by paying their bills.”

Hunter Biden’s art deals, he said, are more evidence of inappropriate deal-making.

“We know that these aren’t deals, these art shows,” he said. “We know that the man
holding these art deals and showing Hunter’s art has said China is a growth market
where he really wants to go. And we know that this is what the Bidens have done for decades.”

“It’s really not in dispute. So this is a new avenue for corruption. The money is going
to give an opportunity for foreign corrupt intermediaries who want to curry favor with
this administration. And Joe Biden is displaying this artwork in the White House,
which is a really nice gallery for foreign dignitaries to see the work.”




via madpatriotnews

[Charon]

unreal. Good find.