Hunter Biden is stepping down from the board of a Chinese-backed private equity company and committing to not working for a foreign-owned company if his father, former Vice President Joe Biden, is elected president in 2020.
Hunter’s vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.
In a statement released from his lawyer George Mesires, Biden vowed to step down by the end of the month from a management company of a private equity fund backed by Chinese state-owned entities, and said he hasn’t discussed his own business activities with his father.
Trump in a July phone call encouraged the leader of Ukraine to investigate Hunter and his father, which led to the launch of an impeachment inquiry by Democrats last month. Shortly after the revelations of the Ukraine call, Trump publicly called on China to investigate the Bidens.