First son Hunter Biden possible nonetheless owns a minority stake in a Chinese non-public fairness agency with ties to the Communist authorities in Beijing, Rep. James Comer mentioned Tuesday, after White House press secretary Jen Psaki declined to say whether or not he had offered it.
“The fact that Jen Psaki couldn’t say ‘Yes, Hunter Biden divested his stake in that Chinese holding’ tells me that he probably still owns it,” the Kentucky Republican informed “Fox & Friends First” earlier than including that “the regulation applies to everybody however Hunter Biden, in Hunter Biden’s thoughts.
“And between the ownership of this Chinese company and his art dealings that we believe are going to China, the fact that the administration won’t disclose this, they won’t say, ‘We’ve got a problem with our son,’ it’s just another example of failed leadership.”
In April, the Daily Caller reported that Hunter Biden’s firm, Skaneateles LLC, owned 10 p.c of BHR Partners, which is managed by the state-run Bank of China and handles mergers, acquisitions, and investments involving Chinese government-run companies.
When Psaki was requested for an replace Monday on whether or not Hunter had offered his stake, she initially answered: “I’d point you to his representatives on that. He [Hunter] doesn’t work in the administration.”
When Newsmax correspondent Emerald Robinson tried to observe up, Psaki reiterated her earlier reply earlier than telling the reporter: “There’s no reason to yell. I’m certainly not yelling. You should talk to his representatives. That remains his policy. He’s been working to wind that down. Beyond that, I would talk to his representatives.”
“If this had been the Trump family, I can’t imagine what the Democrats in Congress and the liberal media would be doing right now,” Comer mentioned Tuesday morning. “Hunter Biden has already committed more unethical behavior with foreign nationals than any family member in the history of the presidency and we’ve got to do something about this.”
BHR Partners was based in 2013 — with Hunter’s agency, Rosemont Seneca Partners, initially sharing a 30 p.c stake with the Thornton Group run by James Bulger, the son of longtime Massachusetts state Senate President Billy Bulger.
In December of that 12 months, Hunter accompanied his father, then-Vice President Joe Biden to China on board Air Force Two. The New Yorker reported in July 2019 that through the journey, Hunter organized for future BHR CEO Johnathan Li to introduce himself to Hunter’s father.
In October 2019, Hunter Biden gave up his seat on BHR’s board. His lawyer introduced the transfer on the identical day then-candidate Joe Biden vowed that “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.”
Comer referred to as final month for the Oversight Committee to analyze the forthcoming sale of Hunter Biden’s artwork, which critics allege might earn the primary son hundreds of thousands from patrons in search of to curry favor along with his father’s administration.
“House Republicans are just investigating everything Hunter Biden’s doing with respect to foreign nationals now,” he mentioned Tuesday, “because it’s illegal, it’s unethical and it creates a situation where Joe Biden can be compromised to some of these foreign companies.”
Last 12 months, The Post printed a collection of exposes on Hunter’s profitable work for Burisma, a Ukrainian power agency, lower than a 12 months earlier than Joe Biden pressed Kiev authorities officers to fireside a prosecutor investigating corruption, together with at Burisma.