White House mum on whether or not Hunter Biden holding stake in Chinese non-public fairness agency


White House press secretary Jen Psaki declined to say Monday whether or not first son Hunter Biden has offered his remaining stake in a Chinese non-public fairness agency with ties to the Communist authorities in Beijing — two years after President Biden vowed that his household would divest itself of all abroad enterprise pursuits.

In April, the Daily Caller reported that Skaneateles LLC — Hunter’s firm — nonetheless owned 10 % of BHR Partners, which is managed by the state-run Bank of China.

On Monday, Newsmax correspondent Emerald Robinson requested Psaki for an replace on the matter, to which the press secretary responded: “I’d point you to his representatives on that. He [Hunter] doesn’t work in the administration.”

“The President has said during the campaign that none of his family will have any business relationship with anyone that relates to a foreign corporation or a foreign country,” Robinson pressed shortly after Psaki’s response. “Wouldn’t it’s assuring to the American folks, as we head into this, if they simply let the American folks know if Hunter has divulged himself of that to verify there’s no –“

“Again, I conveyed to you, and then I think I’m going to have to move on, that you should talk to his representatives,” Psaki repeated.

White House press secretary Jen Psaki would not say if President Joe Biden's son Hunter Biden sold his stake in Chinese private equity firm BHR Partners.
White House press secretary Jen Psaki wouldn’t say if President Joe Biden’s son Hunter Biden offered his stake in Chinese non-public fairness agency BHR Partners.
AP Photo/Susan Walsh

When Robinson tried to ask one other query, Psaki advised her: “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.”

BHR Partners was based in 2013 — with Hunter’s agency, Rosemont Seneca Partners, initially sharing a 30 % stake with the Thornton Group run by James Bulger, the son of longtime Massachusetts state Senate President Billy Bulger. In July 2019, the New Yorker reported that Hunter was an unpaid member of the corporate’s board, however didn’t take a private fairness stake till his father left workplace as vp in 2017.

In December 2013, Hunter accompanied his father to China on board Air Force Two. On that event, the journal reported, Hunter organized for future BHR CEO Johnathan Li to introduce himself to Joe Biden.

Hunter Biden's company Skaneateles LLC reportedly still owned 10 percent of BHR Partners.
Hunter Biden’s firm Skaneateles LLC reportedly nonetheless owned 10 % of BHR Partners.
Photo by Teresa Kroeger/Getty Images for World Food Program USA

In October 2019, then-candidate 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.”

Around the identical time, Hunter Biden stepped down from BHR’s board.

“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,” his lawyer stated on the time.

In December 2020, Hunter Biden disclosed that the federal authorities was investigating his abroad enterprise dealings, after The Post reported he helped prepare a 2015 assembly between his father and his Ukrainian vitality agency government boss — whom the elder Biden later helped defend from investigation.