London Daily

Focus on the big picture.
Saturday, Aug 01, 2026

Hunter Biden steps down from Chinese Board as Trump attacks him for taking $1B bribe

Hunter Biden is stepping down from the board of a Chinese-backed private equity company and promising to forgo all foreign work if his father, former U.S. Vice President Joe Biden, is elected president in 2020.
Trump and Giuliani have pushed claims for months that the former vice president bribed government officials in Ukraine to stifle investigations into Burisma, the gas company for which Hunter was a board member.

The claims go back to a bombshell New York Times story published May 1 that detailed both Bidens' ties to Ukraine, and revealed that the former vice president had successfully gotten a Ukrainian prosecutor removed from office.

The development raised questions over a possible conflict of interest and suspicions that Biden was trying to shield his son from an investigation into one of his business interests.

Hunter Biden worked for the Boies Schiller Flexner law firm that consulted for Burisma. Biden was in charge for the company's legal affairs with international companies, according to a press release, but Biden has disputed that characterization. At the time, Burisma's founder faced multiple investigations into alleged tax evasion and money laundering.

Hunter Biden later stepped down from the board in April 2019 when his term expired.

Joe Biden was part of a larger push coming from former President Barack Obama's administration for the Ukrainian prosecutor Viktor Shokin to be removed over concerns of corruption in his office. Biden acted as a vocal opponent of Shokin and has publicly detailed his threat to withhold $1 billion in loan guarantees from the country if Shokin wasn't fired.

But reports have since emerged showing there was not an active investigation into Hunter when the former vice president made the push for Shokin's firing. Yuriy Lutsenko, Ukraine's prosecutor general, later said that he had no evidence of wrongdoing against either Biden.

Despite the absence of proven wrongdoing by the Bidens, the Trump administration has used the back-and-forth to obscure Giuliani's communications with Ukraine and growing concerns that Trump may have collaborated with a foreign power to gain political leverage.

After the report, Giuliani announced he was planning to travel to Ukraine to press president-elect Volodymyr Zelensky to pursue two investigations that could act as political leverage for Trump.

Giuliani eventually canceled his trip after facing widespread criticism for what appeared to be an attempt to push a foreign government to meddle in the 2020 US election, but Trump and his allies have continued claiming Biden was acting in his own personal interest.

Trump later tweeted a video with news coverage of the initial report questioning Bidens' intentions as a part of his campaign marketing efforts.
After months of keeping a relatively low-profile as President Donald Trump leveled a barrage of unsubstantiated accusations of corruption at him, the younger Biden is publicly vowing to avoid any conflict of interest.

After months of keeping a relatively low-profile as President Donald Trump leveled a barrage of unsubstantiated accusations of corruption at him, the younger Biden is publicly vowing to avoid any conflict of interest.

According to a statement released on his behalf by his lawyer George Mesires, Biden said he’ll resign at the end of the month from the management company of a private equity fund that’s backed by Chinese state-owned entities. He also pledged that he wouldn’t work for any foreign-owned companies or serve on their boards during a potential Biden administration. He reiterated that he never discussed his business activities with his father.

“Hunter always understood that his father would be guided, entirely and unequivocally, by established U.S. policy, regardless of its effects on Hunter’s professional interests,” the statement said. “He never anticipated the barrage of false charges against both him and his father by the President of the United States.”
Newsletter

Related Articles

0:00
0:00
Close
Finland Deploys Commercial-Scale Thermal Batteries Using Crushed Rock to Store Renewable Grid Energy
Valued at $109 Million: F-35B Fighter Jet Crashes in Southern California
Sainsbury Agrees to Sell Argos in £120 Million Deal to Private Consortium
High Court Clears Way for Construction of Chinese Embassy at Royal Mint Court
UK Fuel Prices Climb to Multi-Month Highs as Strait of Hormuz Tensions Disrupt Oil Supplies
Severe Summer Drought and Record Heat Put UK Harvests at Risk
Prime Minister Andy Burnham Faces Labour Backbench Opposition Over Potential Support for New North Sea Oil and Gas Drilling
Bank of England Warns Inflation Will Stay Above 3% as Middle East Energy Shock Prolongs Cost-of-Living Pressures
Andy Burnham has Announces Plans to Redistribute Income Tax Revenue to English Mayors
Early-Release Scheme Faces Fresh Scrutiny as Reoffending and Prison Recalls Rise
Police Phone Checks Followed Report on Murder of MI5 Agent Inside Sinn Féin
Archbishop of Canterbury Reaffirms £100 Million Reparative Justice Fund During Ghana Visit
Charities Allege French Police Used Tear Gas Against Channel Migrants
Norwegian Teenager Convicted Over Iran-Linked Murder Plot in Britain
Christian Organisations File Charity Complaints Against Amnesty International UK
Ofgem Tightens Grid Connection Rules for New Data Centres
FTSE 100 Reaches Record High Despite Global Technology Sell-Off
Millions of UK Households Urged to Check Eligibility for Winter Energy Discount
Labour Restores Parliamentary Whips to Diane Abbott and Joani Reid
UK Supreme Court to Hear Challenge Over Palestine Action Ban
UK Commits More Than £8.4 Billion to Dreadnought Nuclear Submarine Programme
England Declares Severe Drought as Wildfire Burns Near Sizewell Nuclear Site
Bank of England Holds Interest Rates at 3.75% as Middle East Tensions Fuel Inflation Risks
Drought Status Extended Across All of Wales as Heat and Dry Weather Deepen Environmental Strain
Record-Low Danube Exposes Probable Mammoth Remains in Bulgaria
UK Business Confidence Climbs to Four-Month High
Greater Manchester Gains Expanded Powers Under Regional Funding Reforms
UK Supreme Court to Hear Appeal Over Palestine Action Terror Ban
Shell's Quarterly Profit Doubles to Nearly $10 Billion on Higher Energy Prices
UK Government Removes VAT From Household Electricity Bills
Exceptional Drought Grips Half of England as Wildfire Threatens Sizewell
Bank of England Holds Interest Rates at 3.75% as Inflation Risks Persist
US Says It Has Carried Out Heavy Strikes on Iran After Attempted Attacks on Its Forces
The chief executive of the popular gaming company laid off many employees and his pay rose to 38 million dollars
UK Employment Holds Steady as Wage Growth Remains Moderate
England to Introduce Artificial Intelligence into Secondary School Curriculum
Wales Launches £1.2 Billion Industrial Regeneration Programme
High Court Upholds UK Digital Surveillance Framework
Northern Ireland Reaches Budget Agreement on Infrastructure and Public Sector Pay
Home Office Expands Digital Border Checks Nationwide
UK Approves Major North Sea Wind and Carbon Capture Project
The World's Most Terrifying Smartphone: Recording, Documenting, and Reporting to the Regime
Scotland Approves Major Renewable Energy Expansion
UK and United States Sign AI and Semiconductor Cooperation Pact
UK Treasury Tightens Fiscal Controls After Gilt Market Volatility
Bank of England Holds Interest Rates at 4.5%
UK Unveils £10 Billion NHS Funding Overhaul and Workforce Reform
The AI User Nightmare: Private Claude Conversations Leaked to the Internet
UK: Former Football Association Leaders Call for World Cup Boycott Over FIFA Privatization Plan
Forbidden Love: China severs millions from their virtual partners
×