The one-time business partner of Hunter Biden resigned from his role at the head of a major investment fund earlier this month after he was placed under investigation by the Chinese authorities for “personal problems.”
Zhao Xuejun—who Biden and his other business associates referred to as Henry—was the Chairman of Harvest Fund Management, one of the largest asset managers in China. The investigation of Zhao is suspected to stem from Beijing’s wider crackdown on the securities sector.
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In his opening statement to House impeachment investigators, former Hunter Biden business partner, Jason Galanis, said Joe Biden planned to join the board of his son’s firm which was being backed by a Chinese businessman and state-owned enterprises.
Galanis delivered his opening statement on Friday morning to congressional investigators from inside a federal prison in Alabama where he is serving a prison sentence for engaging in an illegal scheme to enrich Burnham Asset Management.
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