Hunter Biden, Joe Biden’s second son, helped facilitate China’s acquisition of Henniges Automotive explained Peter Schweizer, president of the Government Accountability Institute and senior contributor at Breitbart News, in a Friday interview on SiriusXM’s Breitbart News Tonight with host Rebecca Mansour and special guest host Rick Manning.
He called the Senate Finance Committee’s decision to probe the Obama administration’s 2015 approval of the sale of Henniges Automotive as a “wonderful development.”
Schweizer examined China’s acquisition of Henniges Automotive — a formerly America-based company developing “dual-use” technologies with military applications — by Aviation Industry Corporation of China (AVIC), a Chinese state-run military contractor. AVIC acquired Henniges in 2015 with a 51 percent stake purchase. The remaining 49 percent was purchased by Bohai Harvest RST (BHR), a private equity firm founded by Hunter Biden and funded with $1.5 billion from the Chinese government via the Bank of China.
“The Chinese government works to gain political allies in the United States by striking commercial deals with the family members of powerful politicians,” explained Schweizer, “and exhibit A in that — it’s not even close when you look at the amount of money and the volume of deals that took place — is with Hunter Biden, with Joe Biden’s son, while he was vice president.”
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