In a recent closed-door House deposition, Kevin Morris, a lawyer and close friend of Hunter Biden, confirmed that he still holds a stake in a Chinese private equity firm that he took over from the president’s son. Morris, who has been referred to as Hunter’s “sugar brother” for loaning him millions of dollars, revealed to lawmakers on the House Oversight and Judiciary Committees that he still owns a 10% stake in the Chinese private equity firm Bohai Harvest RST LLC (BHR).
The acquisition of BHR shares by Morris came after he purchased Skaneateles LLC, a company previously owned by Hunter Biden, in 2021. Morris cited attorney-client privilege when asked about the details of the transaction, but he expressed confidence in the investment, describing it as a promising opportunity. However, Morris admitted that he couldn’t recall the specifics of the investments, only mentioning that he believed they were related to infrastructure.
It is worth noting that Hunter Biden had pledged in October 2019 that his family would be free of any business relationships with foreign corporations or countries if his father, Joe Biden, was elected president. Despite this pledge, Hunter continued to hold a stake in BHR, raising questions about the extent of his involvement in foreign business dealings while his father was in office.
During the 2020 campaign, Andrew Bates, now-White House deputy press secretary, criticized the Trump campaign for reporting that Hunter had quit the board of the Chinese equity firm. However, records later revealed that Hunter had not actually quit, prompting questions about Bates’ knowledge of the situation.
The transfer of Hunter’s stake in BHR to Morris occurred after his father’s election but before he took office. Chris Clark, Hunter’s lawyer at the time, had previously stated that Hunter no longer held any interest in BHR. However, it was later reported that Morris had acquired the stake through the purchase of Skaneateles.
The controversy surrounding Hunter Biden’s involvement with BHR dates back to 2013 when he traveled to China with his father and introduced him to Jonathan Li, the CEO of BHR. Less than two weeks later, Hunter entered into a joint venture with BHR, investing $420,000 through Skaneateles. His interest in the company later increased to an estimated $894,000.
Following Morris’ deposition, House Oversight Committee Chairman James Comer expressed concern about the lawyer’s financial support for Hunter Biden, raising ethical questions about the millions of dollars he had loaned to him. Comer suggested that Morris’ actions may be part of a pattern of associates of Hunter Biden having access to President Biden, and vowed to continue investigating the Biden family’s alleged corruption.
Morris defended his financial support for Hunter, stating that he consulted counsel on the transactions and expressing confidence that Hunter would repay him. He denied expecting any favors from the president or his administration in return for the loans, emphasizing that his only goal was to help a friend.
This development adds further scrutiny to the business dealings of the Biden family and raises questions about their potential conflicts of interest. As investigations continue, the full extent of President Biden and his family’s alleged corruption will be revealed.
Please note: This article is based on a closed-door House deposition and statements made by the involved parties. Further developments may arise, and additional context may be necessary to fully understand the situation.
