New York Times has released a shocking report regarding Hunter Biden’s business transactions. According to the report, the President’s son is the founder of an investment company that helped China buy a huge cobalt mine from an American company. Unfortunately, major news channels like CNN, MSNBC, ABC, CBS, NBC have ignored the NYT bombshell report on Hunter Biden’s business deal with the Chinese company. They have failed to showcase the report to their audience just like they ignored the 2020 laptop scandal where Hunter Biden’s laptop revealed some very disturbing business transactions.
New York Times Report
The Bohai Harvest RST Equity Investment Fund Company, or BHR group for short, was founded by Mr. Hunter Biden in 2013. Currently, he along with two other Americans own 30% of the company’s shares.
A few early deals of the company include helping a Chineses controlled Australian mining company with its finances. A Michigan-based auto parts company was also sold to a defense firm rooted in China. Additionally, stocks were bought and sold from a leading Chinese vehicle electric battery manufacturer, CATL.
The deal that the NYT has highlighted now began in 2016. Through it, the BHR group helped China Molybdenum, a Chinese Mining Company, buy a lucrative cobalt mine from Freeport-McMoRan, an American company.
The name of the mine is Tenke Fungurume. It is situated in the Democratic Republic of Congo. It boasts spectacular deposits of cobalt and copper. Both these elements are required to make electric vehicle batteries, the latest trending auto-vehicles.
To purchase this mine, BHR obtained money through Chinese Banks and State-backed firms. Then, they sold their share of the mine after two years to China Molybdenum. During this transaction, Mr. Hunter Bid owned 10% of BHR’s shares through a Washington registered company called ‘Skaneateles L.L.C’.
As of now, Mr. Hunter Biden doesn’t own any shares in BHR. His lawyer announced in 2020 that his client “no longer holds any interest, directly or indirectly, in either BHR or Skaneateles”.
Significance of the Tenke Fungurume
The deal has proved to be harmful to America. This is because owning the Tenke Fungurume mine has increased China’s influence in the cobalt mining industry considerably. Now, the State is threatened as China may stop its drive towards replacing fuel-operated cars with electric cars.
A White House spokesperson responded to the Chinese threat. According to his response, President Joe Biden is unaware of this transaction and its details. The deal shows a conflict of interest which is why it is being highlighted.
CNN, MSNBC, ABC, CBS, NBC ignore the NYT bombshell report
The mainstream leftist media platforms like CNN, ABC, MSNBC, CBC, and NBC are ignoring the issue.
They have not showcased the reports as of yet. This is just like the 2020 laptop scandal which occurred during the 2020 elections. A laptop dropped off at Mac Isaacs repair shop turned out to be Mr. Hunter Biden’s property! It revealed disturbing information about the President’s son and his business deals. None of the news networks other than NYT reported the scandal.
In leaked audiotapes, CNN’s managers were heard saying that “We are not going with the New York Post’s story.”
NBC news acknowledged its lack of covering the 2020 laptop scandal story. It gave details of its constraints in an article. However, the news company has remained quiet about the current scandal as well!