Politics: Hunter Biden Steps Down from Chinese Board Amid Trump Attacks - - PressFrom - US

Politics Hunter Biden Steps Down from Chinese Board Amid Trump Attacks

16:05  13 october  2019
16:05  13 october  2019 Source:   bloomberg.com

Fact-checking Trump's claims about the Bidens in China

  Fact-checking Trump's claims about the Bidens in China Speaking to reporters on the South Lawn of the White House Thursday, President Donald Trump widened his requests for foreign leaders to investigate his political opponent, repeating accusations about former Vice President Joe Biden and his son Hunter's involvement with Ukraine and China. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); Specifically, Trump said that, "China should start an investigation into the Bidens," alleging that they received a "payoff" worth billions.

Hunter Biden is stepping down from the board of a Chinese -backed private equity company and promising to forego Hunter Biden also sought to counter increasing Trump campaign attacks on his ties to China . He denied Trump ’s repeated allegations that he procured .5 billion from China for a

On the roster: Biden buoyed amid Trump attacks - Giuliani’s woes mount - Trump legal team Bernie Sanders is at 17 percent, down 1 point since last month. Should Joe Biden ’s son Hunter have been allowed to sit on the board of a foreign company while his father served as vice president?

(Bloomberg) -- Hunter Biden is stepping down from the board of a Chinese-backed private equity company and promising to forego all foreign work if his father, former U.S. Vice President Joe Biden, is elected president in 2020.

Biden: Trump has 'indicted himself by his own statements'

  Biden: Trump has 'indicted himself by his own statements' Former Vice President Joe Biden said Friday that President Trump "indicted himself" after making public comments about Biden's role in the firing of a Ukrainian prosecutor."He's indicted himself by his own statements," Biden told the SEIU forum in Los Angeles on Friday."This is not about me. It's not about my son," he continued. "There's not a shred of evidence there's been anything done that has been wrong." "He is unhinged. I worry about"He's indicted himself by his own statements," Biden told the SEIU forum in Los Angeles on Friday.

Hunter Biden Steps Down from Chinese Board Amid Trump Attack Trump Has Real Reasons to Fixate Over the Stock Market. Pressure has been rising steadily in the region since Trump unilaterally withdrew from the international accord with Iran last year and imposed harsh sanctions on

President Trump asked Ukraine's president to investigate former Vice President Joe Biden and his son Hunter . The Bidens call a smear campaign that But Trump says that he did nothing wrong and that the inquiry is just a "witch hunt ." In fact, Justice Department officials said Wednesday that prosecutors

After months of keeping a relatively low-profile as President Donald Trump leveled a barrage of unsubstantiated accusations of corruption at him, the younger Biden is publicly vowing to avoid any conflict of interest.

According to a statement released on his behalf by his lawyer George Mesires, Biden said he’ll resign at the end of the month from the management company of a private equity fund that’s backed by Chinese state-owned entities. He also pledged that he wouldn’t work for any foreign-owned companies or serve on their boards during a potential Biden administration. He reiterated that he never discussed his business activities with his father.

Trump adviser gives conflicting accounts on whether Chinese offered information about Hunter Biden

  Trump adviser gives conflicting accounts on whether Chinese offered information about Hunter Biden Michael Pillsbury said he received information on Biden from the Chinese, but then claimed he didn’t, then admits he did.“I got a quite a bit of background on Hunter Biden from the Chinese,” Pillsbury was quoted as telling the London-based Financial Times.

Trump may take steps to see that it doesn’t. Typically, presidents stay out of the other party’s nomination fights. Trump will find it tough to resist injecting himself into the race. As they weigh Biden ’s weaknesses, some in Trump ’s orbit plan to zero in on the candidate’s only living son, Hunter

Trump added of Hunter Biden : “He got kicked out of the Navy; all of a sudden, he’s getting billions of dollars. You know what they call that? The New York Times also quoted Hunter Biden ’s lawyer as saying that the younger Biden — who has served on the board of BHR since 2013 and bought a ten

“Hunter always understood that his father would be guided, entirely and unequivocally, by established U.S. policy, regardless of its effects on Hunter’s professional interests,” the statement said. “He never anticipated the barrage of false charges against both him and his father by the President of the United States.”

Trump and his personal lawyer Rudy Giuliani have repeatedly claimed, without providing evidence, that Hunter Biden made millions of dollars from China while his father was vice president. They’ve also made unsubstantiated claims that Joe Biden used his position as the U.S. administration’s point person on Ukraine to help quash an investigation in 2016 into the owner of one of the country’s largest private gas companies where Hunter sat on the board.

On Bidens and Ukraine, Wild Claims With Little Basis: QuickTake

Earlier this month, Trump publicly called on China to investigate the Bidens. A spokesman for China’s foreign ministry rejected that notion, saying it wouldn’t interfere in the internal affairs of other countries.

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Trump ’s “joke” about calling China wasn’t a joke at all but one more crime. An adviser to President Trump has claimed that China handed him intelligence on Hunter Biden in the same week Donald Trump publicly urged Beijing to investigate Joe Biden ’s son.

Donald Trump has launched a scathing attack on congresswoman Ilhan Omar, accusing her of being anti-semitic and anti-American, during a rally in her Joe Biden ’s son has been accused of corruption by the president because of his business dealings in Ukraine and China . However, Trump has yet to

“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,” the statement said. “He will continue to keep his father personally uninvolved in his business affairs.”

Ukraine, China

The statement aims to set the record straight on Biden’s past work in Ukraine and China, which Trump and Giuliani have fixated on as the 2020 campaign heats up. He served a five-year term on the board of Burisma, one of Ukraine’s biggest private gas companies, whose owner had been under investigation for alleged money laundering and abuse of power. The allegations predated his joining the board in April 2014. He stepped down earlier this year.

Trump has alleged that Vice President Biden in 2016 threatened to withhold billions of dollars in loan guarantees unless Ukraine fired the country’s top prosecutor, Viktor Shokin, as a way to quash the probe and help his son. But U.S. and Ukrainian officials said the investigation at the time was dormant and that Shokin was fired for the opposite reason: failing to fight corruption.

Joe Biden: Family won't serve in White House if he's president

  Joe Biden: Family won't serve in White House if he's president Joe Biden's visit to Iowa came the same day his son, Hunter, announced he would step down from the board of a Chinese company."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," Biden told reporters in Iowa after giving remarks at a labor conference.

Trump has openly encouraged China and Ukraine to investigate Joe Biden and his son Hunter for corruption dating back to the Obama administration. But the president said Friday that he has not asked his own Justice Department to open a probe into what he has described as rampant graft.

US President Donald Trump took his dialogue to another level on Thursday evening in criticizing Democratic presidential nominee Joe Biden and an impeachment inquiry launched by the Dems over Trump 's notorious July phone call with Ukrainian President Volodymyr Zelensky.

“Despite extensive scrutiny, at no time has any law enforcement agency, either domestic or foreign, alleged that Hunter engaged in wrongdoing at any point during his five-year term,” the statement said.

At the time he joined the Burisma board, Hunter was “of counsel” at Boies Schiller Flexner LLP, a U.S. law firm, and had been advising the company on “its corporate reform initiatives,” it said. He urged Boies Schiller to hire Nardello & Co., a consulting firm specializing in investigations, to assess Burisma’s “corporate structure and governance practices.”

Aleksander Kwasniewski, the former president of Poland, sat on the board of Burisma at the time and recruited Hunter as a non-executive director because of his advisory work for the gas company, the statement said. “At no time was Hunter in charge of the company’s legal affairs,” it said.

Hunter Biden also sought to counter increasing Trump campaign attacks on his ties to China. He denied Trump’s repeated allegations that he procured $1.5 billion from China for a private equity fund after he flew on Air Force Two with his father in December 2013 to Beijing.

He serves on the board of BHR (Shanghai) Equity Investment Fund Management Company, which was set up in 2013 to invest Chinese capital outside China. He previously acknowledged meeting with Jonathan Li, a Chinese banker and partner in the fund, during the 2013 trip but has said it was a social visit and they didn’t talk business.

Joe Biden on His Son Hunter: He ‘Did Nothing Wrong.’

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Trump attacks impeachment inquiry, uses graphic language to belittle Bidens at Minnesota rally; protests get violent President Trump unloaded on Joe and Hunter Biden over their Ukrainian business dealings in Minneapolis on Thursday evening

Trump also ripped Hunter for leaving China with .5 billion in investments from the bank of China He expressed skepticism that Hunter Biden was able to get .5 billion in Chinese investments because they Trump commented that Hunter Biden continued to be absent from Biden ’s campaign.

BHR has the backing of several Chinese state-owned companies. Trump’s claim that Hunter walked away with $1.5 billion from China appears to be based on a fundraising target that BHR announced in 2014. But BHR never raised a discreet pool of capital, Mesires said, and instead raised money deal by deal. BHR now says it manages about $2.1 billion in investments.

Biden denied he played a role in forming the company or having any equity in it while his father was vice president. The board position was unpaid, he said. After his father’s term ended in 2017, Biden bought 10% of the management company for about $420,000. He hasn’t made money from the venture to date, the statement said.

He announced he’ll resign from the BHR board on Oct. 31. He didn’t comment on whether he would retain his equity stake, but his pledge to not do any foreign work under a Biden Administration indicates he would sell the stake if his father wins.

Trump Children

Biden’s pledge to avoid foreign work if his father wins the White House sets him apart from Trump’s children, who have continued working with foreign business partners from Dubai to Indonesia and India while his father sits in the White House. After Trump won the presidency in 2016, he handed the running of the Trump Organization to his sons, Don Jr. and Eric, and said they wouldn’t do any new overseas deals.

But they have continued to push the Trump Organization’s existing foreign deals, including visits to promote luxury resorts in Indonesia, condo sales in India and an expansion of their golf resort in Scotland.

Poll: Biden, Warren support remains unchanged after Democratic debate

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Biden has stated his desire to ‘beat the hell’ out of Trump but president’s tweet says Biden would ‘go down fast and hard, crying all the way’.

As impeachment proceedings against the Trump administration heat up, Special Representative to Ukraine Kurt Volker resigned from his post last week and was later called to testify before the House of Representatives Committee on Foreign Affairs.

Trump has launched increasingly personal attacks on Hunter as Democrats in the Houses of Representatives ramp up their impeachment inquiry examining the president’s pressuring of Ukraine’s president to investigate what he claims is corruption by the Bidens in the country. At a rally in Minnesota this week, Trump lashed out at the Democratic front-runner’s son, taunting him over his personal struggles with drug use and his low profile during his father’s campaign.

“Whatever happened to Hunter? Where the hell is he?” Trump bellowed at the crowd. “Let’s do another t-shirt. Where’s Hunter?” Soon after the rally, Trump’s 2020 campaign website started selling $25 t-shirts emblazoned with “Where’s Hunter?”

Despite continuing to advance their own foreign business deals while their father is in the White House, the Trump sons have joined in on the attacks, accusing Hunter Biden of using his family name for personal gain while his father was vice president.

“At the VERY LEAST, there’s an appearance of impropriety,” Don Jr. tweeted.

At the rally in Minneapolis, Eric Trump attacked Hunter, whipping up the crowd with chants of “Lock him up,” a replay of his father’s familiar campaign stump speech targeting Hillary Clinton in 2016.

Joe Biden has defended his son and vowed to make him a visible part of his campaign. “He’s a fine man. He’s been through hell,” Biden told the Reno Gazette Journal earlier this month. “I’m also confident the American people know me, and they know my son.”

To contact the reporter on this story: Stephanie Baker in London at stebaker@bloomberg.net

To contact the editors responsible for this story: Matthew G. Miller at mmiller144@bloomberg.net, Andrew Davis

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

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