Hunter Biden no longer holds any interest in his personal LLC or the Chinese private equity firm BHR Partners, his attorney told The New York Times on Saturday, but new records obtained by the Daily Caller News Foundation cast doubt on the claim.
Hunter Biden, through his company, Skaneateles LLC, obtained a 10% stake in BHR with a $420,000 investment in October 2017. White House press secretary Jen Psaki said as early as February that Hunter Biden was in the process of divesting his ownership stake in the firm, but Chinese business records continue to state as of Wednesday afternoon that Skaneateles remains a 10% owner of BHR.
On Monday, White House Press Secretary Jen Psaki refused to answer lingering questions about whether or not Joe Biden’s son Hunter has sold his stake in a suspicious Chinese private equity firm, as reported by the New York Post.
It was reported back in April that Hunter’s company, Skaneateles LLC owned a 10 percent share of BHR Partners, a Chinese company which is controlled by the government-run Bank of China. In Monday’s press briefing, Newsmax White House Correspondent Emerald Robinson asked if Hunter’s company had finally sold that stake, to which Psaki said that she would “point you to his representatives on that. He doesn’t work in the administration.”
Hunter Biden continues to hold a minority stake in a Chinese private equity firm 100 days into President Joe Biden’s term, business records show.
Hunter Biden holds a 10% equity stake in BHR Partners through his company, Skaneateles LLC, according to Qixinbao and Baidu, two independent services that provide business records on Chinese corporations based on China’s National Credit Information Publicity System.
Joe Biden promised in October 2019 that if elected president, nobody in his family would have any business relationship with any foreign corporation or country.
Hunter Biden continues to hold a 10% stake in the Chinese private equity firm BHR Partners, Chinese business records show, despite multiple reports from December suggesting he was divesting his position in the company.
Both the Daily Mail and Fox News reported in late December that Hunter Biden was in the process of offloading his stake in BHR. Both outlets cited an unnamed source with Hunter Biden and his business dealings.