Hunter Biden's business deal

CNN, MSNBC, ABC, CBS, NBC ignore NYT bombshell report on Hunter Biden’s business deal with Chinese company

New York Times has recently revealed some inside details of Hunter Biden’s business transactions. And they do not seem reasonable. Surprising liberal channels such as CNN, ABC, CBS, MSNBC and NBC have ignored the NYT bombshell report and decided to stay silent on the topic.

According to this astonishing report, President Biden’s son, Hunter Biden, is one of the founders of an investment company. This company has helped the Chinese in getting their hands on an American massive cobalt mine.

The news is quite surprising as the association of Hunter Biden and the Chinese with that cobalt mine is of significant loss for America. Moreover, this business deal took place when Biden was Vice President. 

Currently, looking at how CNN and other channels are quiet on the topic reminds us of a previous incident, when they had all turned a blind eye to the laptop scandal of 2020 involving Hunter Biden and his foreign business dealings.

New York Times Report Revelations

The New York Times has shed light on Hunter Biden. Along with two other Americans and a couple of Chinese partners, he founded Bohai Harvest RST (BHR) Equity Investment Fund Management Company back in 2013. They are a part of the board and have 30% shares. 

This company has helped the Chinese in lots of ways. Some incredible deals between the two include Michigan based auto parts company which was sold to Chinese defence firm root. Additionally, it also helps a Chinese controlled Australian mining company by handling its finances.

But the deal, which is currently the talk of the town, occurred in 2016. During this year, BHR has a value in which Congo cobalt and copper mine gets a transfer. The new owners of the mine are China Molybdenum( a Chinese company). They bought it from Freeport-McMoRan( an American country) for $2.65 billion. BHR, at that time, also served as a stakeholder and ended up buying shares worth $1.14 billion from Ludin Mining of Canada

Two years later, China Molybdenum bought the shares of BHR as well. The result is that China Molybdenum owns 80% of this mine.

Hunter Biden's business deal

Throughout this tenure, Hunter had a 10% share in BHR via a Washington-based company  Skaneateles LLC. Hunter’s lawyer, Chris Clark, has denied his client’s association with BHR and Skaneateles recently. He said that Hunter ” no longer holds any interest, directly or indirectly, in either BHR or Skaneateles.” However, the April 2021 Chinese business records, which Fox News reviews, suggest quite the opposite. According to it, Hunter Biden still has a stake of 10% in a Chinese private equity firm via Skaneateles.

China Molybdnum’s Tenke Fungurume

The current name of this mine is Tenke Fungurume. This mine has vast amounts of cobalt and copper, two essential materials for making batteries for electric vehicles.

Located in the Democratic Republic of Congo, the mine has made China have ample Cobalt to succeed in its mission. The Chinese can at any time stop the Americans from shifting to electric cars by stoping their supply of Cobalt. President Biden has also acknowledged this fact.

That is why we are unable to understand why the liberal networks fail to report this news. Hunter Biden’s deal does, after all, show a conflict of interest.

Since Hunter Biden is the son of the President of America, his shady business dealings are quite a shock. But, a press secretary from the white house thinks otherwise. As he said:

“He has been working to unwind his investment, but I would certainly point you — he’s a private citizen. I would point you to him or his lawyers on the outside on any update.”

Liberal Networks CNN, MSNBC, NBC ignore the NYT bombshell report 

Just like the 2020 laptop scandal occurring during the 2020 elections was ignored by CNN, MSNBC, NBC and ABC, this bombshell report is also being ignored. Leaked audiotapes of CNN managers proved that they were well aware of everything happening but chose to stay silent. They said:

 “We are not going with the New York Post’s story.” 

On the other hand, NBC did acknowledge that they did not cover the laptop scandal. They publicly shared the constraints that didn’t allow it to go ahead with the news. This time again, they are not speaking up on the issue.

About Calvin Croley 2023 Articles
Calvin Croley holds Master’s degree in Business Administration. As an avid day trader, Calvin is a master of technical analysis and writes tirelessly on how stocks are trading. He has extensive knowledge in technical analysis & news writing. Calvin delivers reports regarding news category.Email: [email protected]Address: 654 East 10th Street, Bakersfield, CA 93307 USA

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