2020 Election
In this Jan. 30, 2010, file photo, Vice President Joe Biden, left, with his son Hunter, right, at the Duke Georgetown NCAA college basketball game in Washington. Since the early days of the United States, leading politicians have had to contend with awkward problems posed by their family members. Joe Biden is the latest prominent politician to navigate this tricky terrain.
Nick Wass—AP
By Associated Press
October 13, 2019

(WASHINGTON) — Hunter Biden is stepping down from the board of directors of a Chinese-backed private equity firm.

That’s according to a statement from Biden’s attorney, George Mesires.

Hunter Biden’s business dealings in China and Ukraine have become an issue in the 2020 presidential race with President Donald Trump and his allies pressing unproven corruption allegations again Hunter Biden and his father, Democratic presidential candidate Joe Biden.

In a statement posted on Medium and first reported by Bloomberg News, Mesires says Hunter Biden intends to resign from the board of BHR Equity Investment Fund Management Co. by Oct. 31.

The attorney says Hunter Biden pledges to avoid conflicts of interest should his father be elected president.

Hunter Biden will also continue to keep his father out of his business affairs.

Contact us at editors@time.com.

SPONSORED FINANCIAL CONTENT

Read More From TIME

EDIT POST