London Daily

Focus on the big picture.
Friday, Jun 20, 2025

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
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
UK Home Secretary Apologizes Over Child Grooming Failures
Trump Organization Launches 5G Mobile Network and Golden Handset
Towcester Hosts 2025 English Greyhound Derby Amid Industry Scrutiny
Gary Oldman and David Beckham Knighted in King's Birthday Honours
Over 30,000 Lightning Strikes Recorded Across UK During Overnight Storms
Princess of Wales Returns to Public Duties at Trooping the Colour
Red Arrows Use Sustainable Fuel in Historic Trooping the Colour Flypast
Former Welsh First Minister Addresses Unionist Concerns Over Irish Language
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
France Bars Israeli Arms Companies from Paris Defense Expo
King Charles Leads Tribute to Air India Crash Victims at Trooping the Colour
Jack Pitchford Embarks on 200-Mile Walk to Support Stem Cell Charity
Surrey Hikers Take on Challenge of Climbing 11 Peaks in a Single Day
UK Deploys RAF Jets to Middle East Amid Israel-Iran Tensions
Two Skydivers Die in 'Tragic Accident' at Devon Airfield
Sainsbury's and Morrisons Accused of Displaying Prohibited Tobacco Ads
UK Launches National Inquiry into Grooming Gangs
Families Seek Closure After Air India Crash
Gold Emerges as Global Safe Haven Amid Uncertainty
Trump Reports $57 Million Earnings from Crypto Venture
Trump's Military Parade Sparks Concerns Over Authoritarianism
Nationwide 'No Kings' Protests Challenge Trump's Leadership
UK Deploys Jets to Middle East Amid Rising Tensions
Trump's Anti-War Stance Tested Amid Israel-Iran Conflict
Germany Holds First Veterans Celebration Since WWII
U.S. Health Secretary Dismisses CDC Vaccine Advisory Committee
Minnesota Lawmaker Melissa Hortman and Husband Killed in Targeted Attack; Senator John Hoffman and Wife Injured
Exiled Iranian Prince Reza Pahlavi Urges Overthrow of Khamenei Regime
×