Hunter Biden still owns a 10% stake in a Chinese private equity firm, less than one month before his father, President-elect Joe Biden, is set to take office, business records reviewed by Fox News show. Joe Biden pledged in October 2019 that his family members wouldn't engage in foreign business dealings if he was elected president. Chinese business records reviewed by Fox News on Wednesday show that a U.S. company, Skaneateles LLC, owns a 10% equity stake in Bohai Harvest RST (Shanghai) Equity Investment Fund Management Co.Hunter Biden is the sole beneficial owner of Skaneateles, according to Washington corporate records reviewed by Fox News on Wednesday. A source close to Hunter told Fox News that he is still in the process of offloading his stake in the Chinese investment firm. Joe Biden is not a subject of any grand jury investigation at this time, the source added.

Source: Fox News December 24, 2020 00:45 UTC