Psaki dodges specifics on Hunter Biden investment in Chinese firm

Columbus OH

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Psaki dodges specifics on Hunter Biden investment in Chinese firm White House press secretary Jen Psaki dodged specifics on Hunter Biden’s ownership stake in a Chinese government-linked investment firm. The lack of transparency comes despite promises from President Joe Biden that his family would not have any foreign business ties. The Washington Examiner reported last week that Chinese business records indicate that Hunter Biden still appears to hold a equity stake in Bohai Harvest RST (Shanghai) Equity Investment Fund Management. Through one of his lawyers, George Mesires, Hunter Biden promised to leave the board of the Chinese firm by the end of October 2019, but his resignation was submitted to China’s National Enterprise Credit Information Publicity System in the spring of 2020. He maintains his ownership stake. the firm had access to tens of millions or hundreds of millions of dollars for Chinese and global investments and set up a complicated web of China-based and Cayman Islands-based shell companies and subsidiaries. According to Jauhari, Hunter Biden sought a $2 million-per-year retainer when he offered to help unlock billions of dollars in Libyan assets that were frozen by the United States in the wake of the Obama administration-backed ouster of Libyan dictator Muammar Gaddafi and the collapse of the country’s government.