Hunter Biden-Linked Firm Supports Companies Sanctioned By US

Hunter Biden-Linked Firm Supports Companies Sanctioned By US

(TargetLiberty.org) – It’s not unusual for presidential candidates to promise voters the earth, the moon, and the stars. However, once they get into office, it becomes abundantly clear they overstated their abilities. Wrestling with a highly divided Congress takes more than finesse with the Senate evenly split and the House controlled by its slimmest margin in decades.

On the other hand, some promises remain well within reach of a president. For instance, Joe Biden promised his family wouldn’t work for companies operating in foreign countries. Biden renewed that promise in early December 2020, telling CNN host Jake Tapper his son, Hunter Biden, wouldn’t be “involved” in any business venture that presented even the appearance of a conflict of interest with his administration.

Yet, White House Press Secretary Jen Psaki got grilled during a February press briefing about Hunter Biden’s continued financial involvement in Bohai Harvest RST (BHR), an equity investment fund management company funded by the Bank of China and other financial companies controlled or owned by the Chinese government.

Psaki said the president’s son was “working to unwind” his 10% stake in the company. Apparently forgetting the president’s campaign promise, she reminded reporters that the younger Biden is a “private citizen.”

Months later, Hunter Biden still hasn’t divested his interests in BHR.

The Beat Goes On

On June 23, 2021, the Washington Examiner reported that a review of business records confirms that Hunter Biden continues to hold his 10% stake in BHR and sits on the company’s board of directors.

Making matters worse, BHR reportedly invested in multiple Chinese companies sanctioned by the United States. For instance, it invested in Megvii Technology, a company sanctioned by the US in 2019 for its alleged involvement in high-tech surveillance operations and repression efforts in Xinjiang, an autonomous territory located in northwestern China.

BHR also invested money in China Nuclear Power Group, a Chinese state-owned company, blacklisted by the US in 2019 for allegedly attempting to obtain US-based nuclear technology for use by China’s military.

According to the Washington Examiner, the Chinese state-owned company Aviation Industry Corporation also received funds from BHR. The US sanctioned the company in 2021 for supporting China’s expanding military-industrial complex.

Taken on their own, Hunter Biden’s involvement with BHR could prove problematic for the Biden administration. Profiting from companies under US sanctions presents a clear conflict of interest to the United States as a whole and the Biden administration, specifically.

However, there are other concerning matters regarding Hunter Biden. Tony Bobulinski, a former business partner of Biden’s turned whistleblower, told Fox News he believed the entire Biden family was compromised by China. In addition, BBC News published a report covering allegations against Hunter Biden that claimed he was influence-peddling in China and Ukraine.

Where there’s smoke, there’s typically fire, and there appears to be a lot of smoke surrounding Hunter Biden these days.

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