Facing intense scrutiny from President Donald Trump and his Republican allies, Hunter Biden says he will step down from the board of directors of a Chinese-backed private equity firm at the end of the month as part of a pledge not to work on behalf of any foreign-owned companies should his father win the presidency.
Biden, the 49-year-old son of Democratic presidential candidate Joe Biden, revealed his plan Sunday in an internet post written by his attorney, George Mesires, who outlined a defense of the younger Biden's work in Ukraine and China, which has emerged as one of Trump's chief lines of attack against Hunter's father despite no proof of impropriety.
"Hunter makes the following commitment: 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. In any event, Hunter will agree not to serve on boards of, or work on behalf of, foreign owned companies," Mesires wrote.
He continued: "He will continue to keep his father personally uninvolved in his business affairs, while availing himself as necessary and appropriate to the Office of the White House Counsel to help inform his application of the Biden Administration's guidelines or standards to his business decision-making."
"No one has asserted my son did a single thing wrong," Biden added, pounding his finger into the podium, "except a lying president."
And Biden promised to bar his family members from occupying any office within the White House and said they won't "sit in meetings as if they are a Cabinet member."
He further vowed that no one in his family will have "any business relationship with anyone that relates to a foreign corporation or foreign country."
"He knows he's in trouble and this is just another way to try and detract attention On the same show, White House counselor Kellyanne Conway said Hunter Biden "should have done this quite a while ago."
The attorney wrote that Hunter Biden worked as an unpaid board member for BHR Equity Investment Fund Management Co. "based on his interest in seeking ways to bring Chinese capital to international markets."
"To date, Hunter has not received any compensation for being on BHR's board of directors," Mesires said. "He has not received any return on his investment; there have been no distributions to BHR shareholders since Hunter obtained his equity interest."
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