Oct 13, 2019

Hunter Biden to step down from board of Chinese company

Hunter Biden. Photo: Paul Morigi/Getty Images for World Food Program USA

Hunter Biden, son of the former vice president and 2020 presidential candidate Joe Biden, will be leaving the board of BHR Equity Investment — a private equity fund backed by Chinese state-owned entities — at the end of the month, Bloomberg reports.

Why it matters: The younger Biden is leaving the board amid unsubstantiated allegations by President Trump and his personal lawyer Rudy Giuliani that he made millions of dollars from BHR Equity Investment while his father was in office. Trump has suggested that China should investigate Hunter, setting off claims by Democrats that the president is soliciting foreign election interference.

  • Trump and Giuliani have also made unsubstantiated claims that Joe Biden in 2016 used his position in the Obama administration to help stop an investigation into the owner of one of Ukraine's largest private gas companies, where Hunter was a board member.
  • The alleged pressure campaign on Ukraine's government has prompted House Democrats to launch an impeachment inquiry.

What they're saying: “Hunter always understood that his father would be guided, entirely and unequivocally, by established U.S. policy, irrespective of its effects on Hunter’s professional interests. ... He never anticipated the barrage of false charges against both him and his father by the President of the United States," Biden's lawyer said in a statement.

  • "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. ... He will continue to keep his father personally uninvolved in his business affairs."

Go deeper: Biden's 2020 family problem

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Hunter Biden defends his Ukraine work

Hunter Biden defended his work in Ukraine during an interview with ABC News that aired Tuesday, but admitted that he probably would not have been named a board member of natural gas company Burisma Holdings in 2014 had his father not been serving as vice president.

Go deeperArrowOct 15, 2019

Diplomat told House committees that he flagged Hunter Biden's Ukraine work in 2015

Hunter Biden. Photo: Paul Morigi/Getty Images for World Food Program USA

A top U.S. diplomat told the House committees investigating President Trump's dealings with Ukraine Tuesday that he raised concerns about Hunter Biden's board position at a Ukrainian gas company in 2015, but was brushed off by an aide to former Vice President Joe Biden, reports the Washington Post.

Why it matters: George Kent's testimony is "the first known example of a career diplomat who raised concerns internally in the Obama administration" about Hunter Biden's work, writes the Post.

Go deeperArrowOct 18, 2019

Biden: "My son did nothing wrong. I did nothing wrong"

Former Vice President Joe Biden backed son saying at Tuesday's debate that they did not do anything wrong in Ukraine during his vice presidency.

"My son did nothing wrong. I did nothing wrong. I carried out the policy of the United States in rooting out corruption in Ukraine. That's what we should be focusing on. What I wanted to make a point about, and my son's statement speaks for itself. What I think is, we focus on why it's so important to remove [President Trump] from office."
— Former Vice President Joe Biden
Go deeperArrowOct 16, 2019