By <keyword id="20756042" type="General" weightage="20" keywordseo="lalit-k-jha-washington" source="keywords">Lalit K Jha Washington</keyword>, A jeweller, based out of both Mumbai and New Jersey, has been indicted for illegally evading customs duties for millions of dollars of jewellery imports into the US and operating unlicensed money transmitting businesses, a US attorney has said. <keyword id="20756041" type="General" weightage="20" keywordseo="monishkumar-kirankumar-doshi-shah" source="keywords">Monishkumar Kirankumar Doshi Shah</keyword> (39) was arrested over the weekend and appeared on February 26 before US Magistrate Judge Andre M Espinosa in the Newark federal court. <keyword id="19916862" type="General" weightage="20" keywordseo="shah" source="keywords">Shah</keyword> alias "Monish Doshi Shah" was released on a bond of USD 100,000, with home detention and location monitoring. He has been charged on a complaint with one count of conspiracy to commit wire fraud and one count of operating, aiding and abetting the operation of an unlicensed money transmitting business. From January 2015 through September 2023, Shah engaged in a scheme to evade duties for shipments of jewellery from Turkey and India to the US, according to documents. He would ship or instruct his conspirators to ship goods from Turkey or India, which would have been subject to an approximately 5.5 per cent duty if shipped directly to the US, to one of Shah's companies in South Korea, these stated. Federal prosecutors alleged that Shah's conspirators in South Korea would change the labels on the jewellery to state that they were from South Korea instead of Turkey or India, and then ship them to Shah or his customers in the US, thereby unlawfully evading the duty. He would also make and instruct his customers to make fake invoices and packing lists to make it look like Shah's South Korean companies were actually ordering jewellery from Turkey or India. During the scheme, Shah shipped millions of dollars of jewellery from South Korea to the US, prosecutors alleged. From July 2020 through November 2021, Shah operated numerous purported jewellery companies in New York City's Diamond District, including MKore LLC (MKore), MKore USA Inc. (MKore USA) and Vruman Corp (Vruman), it said. He used these entities to conduct millions of dollars in illegal financial transactions for customers, including converting cash to checks or wire transfers, the documents said. Shah would also collect cash from customers and use conspirators' jewellery companies, also located in the Diamond District, to convert the cash into wires or checks. The documents said that at times, Shah and his conspirators moved more than a million dollars of cash in a single day. In exchange for their services, Shah and his conspirators charged a fee. Prosecutors said that none of Shah's or his conspirators' companies were registered as money transmitting businesses with New York, New Jersey, or the Financial Crimes Enforcement Network (FinCEN).

Indian-American jeweller Monishkumar Shah indicted in multi-million dollar international trade fraud

Starting with a family, which had a dealership of Bajaj Auto's scooters, to becoming the owner of a household name in consumer appliances who could afford to have <keyword id="143" type="General" weightage="50" keywordseo="bollywood" source="Orion">Bollywood</keyword> superstar <keyword id="1671" type="General" weightage="50" keywordseo="shah-rukh-khan" source="Orion">Shah Rukh Khan</keyword> as the brand ambassador, <keyword id="15333" type="General" weightage="50" keywordseo="venugopal" source="Orion">Venugopal</keyword> <keyword id="18489" type="General" weightage="100" keywordseo="dhoot" source="Orion">Dhoot</keyword>'s is a story of an aggressive small town businessman's pursuit to be on the top. Now arrested in connection with the ICICI Bank loan fraud case, Venugopal Dhoot during his heydays was not the one to simply sit on small achievements like <keyword id="6354248" type="General" weightage="80" keywordseo="videocon" source="Orion">Videocon</keyword> becoming the largest television set manufacturer in India. The eldest son of late Nandlal Madhavlal Dhoot, who founded the <keyword id="6379256" type="General" weightage="50" keywordseo="videocon-group" source="Orion">Videocon Group</keyword> in 1984, Venugopal was largely responsible for driving the conglomerate to diversify into various verticals, such as oil and gas, real estate and retail, beyond its successful consumer electronics and home appliances business. Dhoot, the safari-suited businessman, was born into an agricultural family in Ahmednagar (Maharashtra), where his father had a cotton ginning mill and operated a wholesale grain trade. In 1982, when the public broadcaster Doordarshan began transmitting colour television programmes in India, it opened a new segment. Here the Dhoot family tried their luck in the uncharted territory of manufacturing conventional tube-based colour TV sets. Dhoot who had an engineering degree from the University of Pune set off to Japan for a year to be trained at electronics companies. In 1986, he founded Videocon International, which aimed at manufacturing 1,00,000 TV sets a year. It entered into technical collaboration with the Japanese major Toshiba and from here there was no looking back. From colour TV sets, Videocon in the 1990s expanded into other verticals, such as refrigerators, washing machines, air conditioners, home entertainment systems and other small appliances. It pushed contemporary rivals like Mirc Electronic (Onida), Salora, Weston etc with affordable pricing. Its TV models like Bazooka and Bazoomba were the market's favourites in the early 90s. After having success in its consumer electronics and home appliances business, Dhoot expanded Videocon Industries into other areas, such as Oil &amp; Gas, cellular services and others. However, Dhoot's downfall started when it entered into the cellular service area with Videocon Telecommunications. It could launch commercial services only in 11 out of the 18 circles it held licences. In 2012, after the 2G spectrum case, the Supreme Court cancelled 122 licences issued by the central government in 2008, 21 licences belonged to Videocon. In the 2012 spectrum auction, Videocon won back licences in 6 circles but sold to the market leader <keyword id="6354287" type="General" weightage="50" keywordseo="bharti-airtel" source="Orion">Bharti Airtel</keyword> and shut down operations. Moreover, in the late 90s South Korean giants like LG Electronics and Samsung entered the Indian market, which disrupted consumer electronics and appliances with the latest technology and quality products at affordable pricing. Though Videocon Industries had several verticals, its main cash cow was the consumer electronics and appliances business. As Videocon failed to face the challenges from rivals Sony, LG and Samsungs, its revenue got stagnated and gradually it sat on a pile of debt. Dhoot tried to pair debts by selling some of his assets. The company merged its DTH business with Dish TV. They sold ownership in some of their gas fields and telecom business, but it did not work. Finally, in 2018, it was dragged to the insolvency tribunal NCLT by its creditor. It owed around Rs 31,000 crore to the banks, including interests. At the request of lenders, the National Company Law Tribunal (NCLT) has conducted a consolidated corporate insolvency resolution process by combining Videocon Industries and the other 12 Videocon group companies. In June 2021, a bid of merely Rs 2,692 crore from billionaire Anil Agarwal's Twin Star Technologies to take over Videocon Industries was approved by the NCLT. This also went into controversy. Earlier this year, the National Company Law Appellate Tribunal (NCLAT) had set aside Twin Star's Rs 2,692 crore bid, directing to invite fresh bids. Though it was challenged before the Supreme Court by Twin Star, the creditors of Videocon Industries are still looking for a buyer. According to some sources, the lenders may even consider liquidation, if they fail to find a buyer for the company, which once was a success story. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/icici-bank-videocon-case-cbi-seeks-three-day-custody-of-videocon-chairman-chanda-and-deepak-kochhar/articleshow/96519994.cms">ICICI Bank-Videocon case: CBI seeks three-day custody of Videocon chairman, Chanda and Deepak Kochhar</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/money-view-raises-75-million-in-series-e-funding/articleshow/96516790.cms">Fintech company Money View raises $75 million in Series E funding led by UK’s Apis Partners</a>

From an industry leader to a defaulter: Rise and fall of Venugopal Dhoot

Entry based on a QR code messaged on personal mobile phones, colour-coded paper wristbands for access to different zones, and a medical response preparedness reserved for heads of state helped Asia's richest man Mukesh <keyword id="19898589" type="General" weightage="20" keywordseo="ambani" source="keywords">Ambani</keyword> wed his youngest son <keyword id="20472163" type="General" weightage="20" keywordseo="anant" source="keywords">Anant</keyword> to <keyword id="22391270" type="General" weightage="20" keywordseo="pharmaceutical-heiress" source="keywords">pharmaceutical heiress</keyword> <keyword id="20178843" type="General" weightage="20" keywordseo="Radhika-Merchant" source="keywords">Radhika Merchant</keyword> in the year's most extravagant wedding. Global <keyword id="19903563" type="General" weightage="20" keywordseo="celebrities" source="keywords">celebrities</keyword>, business tycoons, cricketers, filmstars and politicians of all hues attended the wedding at Ambani-family-owned Jio World Centre at Mumbai's BKC on Friday and a 'blessing ceremony' for friends and family members titled 'Shubh Ashirwad' on the following day. A wide range of guests - from employees to business associates - were invited for another reception, titled 'Mangal Utsav', on Sunday at the same venue. Prime Minister Narendra Modi visited the venue on Saturday to bless the couple. Three different invitations were sent out for the wedding and the receptions with top-run guests being sent a large red box that contained an intricate chest incorporating a mini silver temple featuring gold idols of various Hindu deities, including Lord Ganesh, Radha-Krishna, and Goddess Durga. The invitation revealed different cards for each wedding function with one crafted from silver and resembling the main gate of an ancient temple. It included several keepsakes, such as an embroidered cloth with the initials 'AR' for Anant and Radhika, a blue shawl and a silver box filled with more gifts. The simplest invitation was in a laptop-sized box with silver statues of three Gods and invitation cards. The guests were asked to confirm their presence through an email or Google Form. Those confirming their presence received a message that read: "We have received your RSVP and we look forward to welcoming you... the QR codes will be shared 6 hours prior to the event." The QR codes messaged to the mobile phones and emailed were scanned to allow entry into the venue where different coloured paper wristbands were tied on the wrist of all the guests that gave them access to different zones depending on the colour. Several film stars and cricketers as well as business tycoons like Korean electronic giant Samsung Electronics Chairman Lee Jae-yong and his wife sported a pink wristband on their wedding day and a red one on Saturday. Employees, security and service staff wore different coloured wristbands. Ushers and a multi-layer security cover secured the sprawling venue, two sources aware of the matter said. Detailed fire and other emergency plans were worked out while an elaborate medical response preparedness resembled one reserved for heads of state. The medical response preparedness included doctors and paramedical staff with all emergency equipment at the venue. Ambulances had clearly demarcated routes to the nearest hospitals which had been primed in advance for dealing with any sort of medical emergency. "The Ambanis did not want to leave anything to chance," a source revealed. Another source said the time between the QR Code being sent and the actual event was cut this time as in the previous <keyword id="20727512" type="General" weightage="100" keywordseo="Ambani-wedding" source="keywords">Ambani wedding</keyword> some had "sold" the access to non-invited people. The dress code for all the events was Indian and international guests too wore designer traditional clothes such as embroidered sherwanis and bandhgalas. John Cena paired a powder-blue sherwani with white pants while Nick Jonas wore a pink sherwani and white pants. Samsung head too came dressed in a sherwani for the event. Most guests wore different clothes for the 'baraat' or wedding procession and the actual wedding on Friday. The Saturday event featured all the guests invited for the wedding as well as some additional important people. The guest list includes former British Prime Ministers Tony Blair and Boris Johnson, Saudi Aramco CEO Amin H. Nasser, reality TV star Kim Kardashian and her sister Khloe, Nigerian rapper Rema, and footballer David Beckham. Business tycoon Gautam Adani came to the wedding holding hands of his little granddaughter with his son Karan and wife Preeti in tow. Kumar Mangalam Birla too came with his family. Almost the entire top rung Bollywood actors -- from Amitabh Bachchan, Shah Rukh Khan and Salman Khan to Ajay Devgn, Ranbir Kapoor, Alia Bhatt, Tiger Shroff and Varun Dhawan -- were present, most with their families, while superstars Rajinikanth, Ram Charan and Mahesh Babu led the entourage from down south. <keyword id="20590484" type="General" weightage="20" keywordseo="Indian-cricketers" source="keywords">Indian cricketers</keyword>, including icons Sachin Tendulkar, Mahendra Singh Dhoni, Jasprit Bumrah, Hardik Pandya and Suryakumar Yadav, too were present. The notable persons missing were T20 World Cup winning captain Rohit Sharma who was watching the Wimbledon semi-final in London and Virat Kohli. Politicians who attended the wedding included Maharashtra Chief Minister Eknath Shinde, his deputies Devendra Fadnavis and Ajit Pawar, RJD chief Lalu Prasad Yadav, West Bengal Chief Minister Mamata Banerjee, Samajwadi Party President Akhilesh Yadav, his wife Dimple and Shiv Sena (UBT) head Uddhav Thackeray. NCP (SP) supremo Sharad Pawar, Congress leaders Kamal Nath and Sachin Pilot and Karnataka deputy chief minister D K Shivakumar were also among the attendees at the event. Shankaracharya of Dwarka Peeth Swami Sadananda Saraswati and Shankaracharya of Jyotirmath Swami Avimukteshwaranand as well as yoga guru Ramdev too attended the event. FIFA President Gianni Infantino, Andhra Pradesh Chief Minister N Chandrababu Naidu and his deputy Pawan Kalyan, too, were in attendance. The groom, Anant, 29, oversees the oil-to-telecom conglomerate <keyword id="19896380" type="General" weightage="20" keywordseo="Reliance-Industries" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Industries" meta.hostid="153" meta.entityid="Reliance Industries">Reliance Industries</keyword> Ltd's renewable and green energy expansion while the bride, Radhika Merchant, also 29, is the daughter of pharmaceutical tycoon Viren and Shaila Merchant and is the marketing director for his company, Encore Healthcare. The three-day wedding extravaganza is the final stop in a string of lavish parties the family has hosted since March. The couple got engaged in January 2023 and the Ambanis have hosted three lavish pre-wedding parties. First a three-day pre-wedding celebration was held in March in the group's refinery township of Jamnagar in Gujarat that hosted tech billionaires Mark Zuckerberg and Bill Gates, Ivanka Trump and Jared Kushner in the 1,200-strong guest list, and had an exclusive performance by Rihanna. David Blaine did magic tricks and the festivities also involved a trip to Ambani's 'animal rescue centre' housing exotic animals. In May, the Ambanis set off on a four-day Mediterranean cruise starting in the Italian city of Palermo, featuring on-deck concerts from the Backstreet Boys, Pitbull, and David Guetta, and a performance by Katy Perry at a masquerade ball at the Chateau de la Croix des Gardes in France. DJ David Guetta played at a toga party at sea. The cruise ended in Italy's Portofino, where tenor Andrea Bocelli serenaded the party in the town square. Last week, Justin Bieber performed at the 'Sangeet' or musical night. The Ambanis have not revealed how much Anant's wedding is costing. But the gala scale of the celebration included a Rs 5-6 lakh per piece select invitation box and three Falcon-2000 jets being rented to ferry wedding guests to the event. Anant Ambani gifted friends Audemars Piguet Royal Oak Perpetual Calendar limited edition watch. It was rumoured Rihanna had been paid USD 7 million for her performance and Bieber USD 10 million (close to Rs 84 crore). An email sent to <keyword id="19936674" type="General" weightage="20" keywordseo="reliance" source="keywords">Reliance</keyword> remained unanswered. Mukesh and Nita in the past had lavish weddings for their other children too -- Beyonce performed at daughter Isha Ambani's 2018 nuptials that boasted guests like Hillary Clinton and John Kerry, and a year later Coldplay's Chris Martin performed at Aaksh's pre-wedding bash in St Moritz, Switzerland, and Maroon 5 at his wedding in Mumbai. The 2018 wedding of Isha was billed as the most expensive wedding in India to date with some estimates putting the cost up to USD 100 million. Mukesh Ambani, 67, is at present the world's 11th richest man with a net worth of USD 119 billion, according to Bloomberg Billionaire Index. He spent the last two decades in transforming Reliance Industries, founded by his father in 1966 as a stodgy oil and petrochemicals giant, into a global empire spanning telecoms, retail, financial services, cricket and luxury fashion. Anant Ambani is the youngest of his three children, all of whom are on the board of Reliance Industries.

QR Code, colour-coded wristbands, standby medical teams secured the Ambani-Merchant wedding

In a bid to further expand its footprint in India, <keyword id="10591" type="General" weightage="20" keywordseo="samsung" source="Orion">Samsung</keyword> on Wednesday announced key organisational changes in the country to generate more synergies among its various businesses. The South Korean major appointed CH Choi as the new division leader for the Consumer Electronics business, while Jinsock Lee will be the division leader for the Network business. Lee will be based in Mumbai and Jongbum Park will continue to be the division leader for the Mobile business, the company said in a statement. Mohandeep Singh will be the new Head of Sales, Marketing and Operations for the consumer electronics business, while Raju Pullan will be the new Head, Sales and Retail for the Mobile business. Aditya Babbar will lead Product Marketing for the Mobile business. Asim Warsi, Senior Vice President and Chief Marketing Officer, <keyword id="107877" type="General" weightage="20" keywordseo="samsung-india" source="Orion">Samsung India</keyword>, will be pursuing a different professional path and in that, he will continue to be engaged with Samsung India, according to the company. Industry sources told IANS that Warsi is poised to take up an advisory role in the company. The changes, said Samsung, will deliver an enriching and meaningful experience for consumers, as the company further expands its footprint in India and takes new strides in innovations driven by future technologies. "Three new teams are being created to improve operational synergies and consumer experiences," said the company. Dipesh Shah, Managing Director of Samsung R&amp;D Institute Bangalore, will also head a newly-created India Customer Experience (ICX) and Business Strategy team to create multiple device experience for the Indian consumers. The new Direct-To-Customer team will be headed by Sumit Walia, who will also lead the Corporate Marketing team. A new Enterprise Business team will be headed by Akash Saxenaa. The company said that these changes will help itto continue to serve its consumers and partners in India. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/urban-company-ola-uber-are-not-the-best-places-for-gig-workers/articleshow/88561764.cms" data-type="tilCustomLink" style="">Urban Company is not the best place for gig workers anymore and Ola, Uber are the worst</a> <a href="https://www.businessinsider.in/business/startups/news/nykaa-zomato-paytm-oyo-and-policybazaar-made-their-employees-millionaires/slidelist/88552831.cms" data-type="tilCustomLink" style="">19 people who became millionaires by working for Indian tech startups</a> <a href="https://www.businessinsider.in/business/startups/news/teachmint-has-acquired-3-startups-airlearn-teachmore-and-teachee-this-month/articleshow/88560790.cms" data-type="tilCustomLink" style="">EXCLUSIVE | Teachmint has completed its third acquisition this month and it’s all part of its international play</a>

Samsung India shuffles top management to expand footprint in the country

<ul><li><keyword id="263867" type="PERSON" weightage="20" keywordseo="Pravin-Jadhav">Pravin Jadhav</keyword>, the former managing director and chief executive officer of Paytm Money, has launched his own financial services platform – <keyword id="10825312" type="UNKNOWN" weightage="20" keywordseo="raise-financial-services">Raise Financial Services</keyword>.</li><li>Raise will offer financial services across financing, insurance, investments, payments and wealth.</li><li>The startup’s seed funding round is led by <keyword id="110875" type="COMPANY" weightage="20" keywordseo="Mirae-Asset">Mirae Asset</keyword> Venture Investments, which is an India-focussed fund launched by South Korean firm Mirae in January 2021.</li></ul>Pravin Jadhav, the former managing director and chief executive officer of Paytm Money, has launched his own financial services platform – Raise Financial Services. Jadhav, who had <a href="https://www.newindianexpress.com/business/2020/apr/02/paytm-money-founder-md-pravin-jadhav-quits-due-to-growing-differences-with-company-board-2124585.html#:~:text=BENGALURU%3A%20Founder%20MD%20and%20CEO,the%20company%20board%2C%20sources%20said.">reportedly</a> quit Paytm due to growing differences with the founder Vijay Shekhar Sharma, has found his way back into financial services. “This time I am not starting from scratch, I am starting from my experiences. I have done it before, and I aim to do it again – raise the bar! This time even higher with Raise Financial Services,” he wrote in a <a href="http://www.beingpractical.com/2021/02/24/raising-the-bar-with-raise-financial-services/">blog</a>. Jadhav wrote that Raise will offer ‘technology-led consumer products &amp; infrastructure services to serve Indians with financial services (across financing, insurance, investments, payments and wealth).’ The startup has raised investments from Mirae Asset Venture Investments, which is an India-focussed fund launched by South Korean firm Mirae in January 2021. Raise is their first investment through the fund. It has also raised investments from Multi-Act Private Equity, Blume Ventures and US based early-stage investor Social Leverage, among multiple other startup founders. Here are some of the founders and startup leaders who have pooled in to invest in Raise, and interestingly many operate in the financial services space themselves <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kunal Shah </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cred, Freecharge </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kalyan Krishnamurthy </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Flipkart </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amod Malviya &amp; Sujeet Kumar </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Udaan </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sameer Nigam &amp; Rahul Chari </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">PhonePe </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> Amrish Rau </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Pine Labs, Citrus Pay </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sandeep Tandon </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Freecharge </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Anupam Mittal </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Shaadi.com </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jitendra Gupta </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jupiter, Citrus Pay </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Girish Mathrubootham </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Freshworks </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nischal Shetty </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">WazirX </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kuldeep Dhankar </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Clevertap, Microsoft, Nokia </td></tr></tbody></table> The Mumbai-based startup is now hiring aggressively across leadership roles. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/a-candid-kavin-mittal-admits-his-mistakes-as-he-reinvents-hike-and-plans-fresh-fundraising-this-year/articleshow/81204449.cms">A candid Kavin Mittal admits his mistakes as he reinvents Hike and plans fresh fundraising this year</a> <a href="https://www.businessinsider.in/tech/apps/news/carbonwatch-indias-first-mobile-app-to-calculate-your-carbon-footprint-falls-short-of-what-it-is-promising/articleshow/81203364.cms">CarbonWatch — India’s first mobile app to calculate your carbon footprint falls short of its promises</a>

Former Paytm Money CEO launches his own financial services platform with an investment from Mirae, and several other major startup founders

<div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/5aa545340696eaf0078b4773-2000/59c5b3cc25acc21d008b52c0small.jpg" alt="Donald Trump Kim Jong Un" data-mce-source="Ahn Young-joon/AP" data-mce-caption="A combo image of Donald Trump and Kim Jong Un" />Ahn Young-joon/APPresident Donald Trump and North Korean leader Kim Jong Un could meet in May.</div></div></div><ul><li>President Donald Trump announced on Thursday that he had agreed to meet with North Korean leader Kim Jong Un, which would be historic.</li><li>Trump's administration on Sunday said it would not rule out hosting the meeting at the White House - or sending Trump to Pyongyang.</li><li>The White House hasn't offered very many specifics about when or where the meeting would be held, as negotiations are still underway.</li></ul><hr />President's Donald Trump is poised to have a historic meeting with North Korean leader Kim Jong Un, and Trump administration officials didn't rule out the possibility of it happening in the White House.White House Principal Deputy Press Secretary Raj Shah told ABC's "<a href="http://abcnews.go.com/ThisWeek?cid=marketing_search_ABC%20News%20-%20This%20Week%20-%20Brand%20-%20Exact">This Week</a>" on Sunday that the president is open to possibilities on the potential future meeting location."Nothing's being ruled out," Shah <a href="https://twitter.com/ThisWeekABC/status/972825000360034304">told</a> Carl when host Jonathan Carl asked about whether a White House meeting could take place.Shah also seemed potentially open to a meeting in the North Korean capital of Pyongyang."I don't think that's highly likely, but again I'm not going to rule anything out," Shah said.Trump agreed to the possibility of a historic meeting between himself and the North Korean leader late on Thursday after South Korean envoy Chung Eui-yong told him Kim was "frank and sincere" about negotiating on his country's nuclear arsenal.Trump reportedly did so without consultation with his staff, and the White House already appeared to backtrack from its commitment on Friday.White House Press Secretary Sarah Huckabee Sanders <a href="http://www.businessinsider.com/trump-kim-jong-un-north-korea-meeting-white-house-backtracking-2018-3">said</a> a host of conditions need to be met before any meeting could take place."The president will not have the meeting without seeing concrete steps and concrete actions take place by North Korea," she told reporters on Friday. "So the president would actually be getting something."<div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/5aa547b6c6e9804c248b45be-800/pence-raises-prospect-of-us-talks-with-north-korea-washington-post.jpg" alt="U.S. Vice President Mike Pence, North Korea's nominal head of state Kim Yong Nam, and North Korean leader Kim Jong Un's younger sister Kim Yo Jong attend the Winter Olympics opening ceremony in Pyeongchang, South Korea February 9, 2018. Yonhap via REUTERS " data-mce-source="Thomson Reuters" data-mce-caption="Dignitaries attend the Winter Olympics opening ceremony in Pyeongchang" />Thomson ReutersKim Yong Nam, president of the Presidium of North Korean Parliament, and Kim Yo Jong, sister of North Korean leader Kim Jong Un, sit behind US Vice President Mike Pence at the 2018 Winter Olympics.</div></div></div>Sanders said that unless the North demonstrated that they were serious about potentially getting rid of their nuclear weapons, a meeting would not take place.But Trump seemed to have already committed to the meeting, and Shah defended Trump's decision on Sunday."He's stated his commitment to denuclearization to South Korea's delegation," Shah said. "We think Kim Jong Un is the only partner in North Korea who has any authority that can make any decision. So, he's the only voice. He's stated a commitment to denuclearization to South Korea, they've relayed that us, so we're open to this invitation."Treasury Secretary Steve Mnuchin said on NBC'S "Meet the Press" that the US would keep imposing heavy economic sanctions on North Korea ahead of the summit.Central Intelligence Agency Director Mike Pompeo said the US would also continue its military exercises on the Korean Peninsula, but that he expected Pyongyang to halt its nuclear and missile testing.Trump didn't announce the meeting "for theater," Pompeo said on "<a href="https://twitter.com/FoxNewsSunday/status/972836332748800002" target="_blank" rel="noopener">Fox News Sunday</a>," but to solve a problem."Never before have we had the North Koreans in a position where their economy was at such risk, where their leadership was under such pressure that they would begin conversations on the terms that Kim Jong Un has conceded to at this point," he said. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/meaning-of-fake-news-and-make-america-great-again-steven-pinker-2018-3">Harvard professor Steven Pinker explains the disturbing truth behind Trump's two favorite phrases</a></h3> <div> <iframe class="bijwplayerclass" data-player="jwplayer" src="https://content.jwplatform.com/players/TOnYlZ72-CEZHWCBG.html" width="100%" height="100%" frameborder="0" scrolling="auto" style="margin:0px;" allowfullscreen=""></iframe><script>function receiveMessage(event){ console.log(event.data.fullscreen); Android.fullscreen(event.data.fullscreen); }window.addEventListener("message", receiveMessage, false);</script> </div> </div>

The Trump administration says it won't rule out hosting Kim Jong Un at the White House

New Delhi, Jun 16 () The Centre has communicated to the Delhi government that it can deploy rapid antigen COVID-19 detection kit in containment zones and hospitals in combination with the traditional RT-PCR test for faster diagnosis and effective prevention. The Centre's communication came in the wake of the recent spurt in coronavirus cases in the national capital. The Indian Council of Medical Research (ICMR) has capped the procurement cost for rapid antigen test kit at Rs 450 following negotiation with the firm that produces it. It negotiated the price of the Standard Q COVID-19 Ag detection kit (rapid antigen test kits) with the South Korean company SD Biosensor, which developed it and which has its manufacturing unit in Manesar, Gurgaon. On June 14, the Indian Council of Medical Research (ICMR) had written a letter to the Health Ministry, highlighting the need to augment COVID-19 testing in containment zones in the Delhi. The ICMR letter followed two high-level meetings Union Home Minister Amit Shah had with the Delhi government on Sunday."The Delhi government has already been told that they can deploy rapid antigen detection test for COVID-19 in the containment zones as well as hospitals in combination with the RT-PCR test to check the spread of infection," a health ministry source said on Tuesday.The rapid antigen test kits allow faster diagnosis without laboratory examination of samples. "It is critical to immediately augment COVID-19 testing capacity in containment zones of Delhi to prevent the spread of infection," ICMR Director General Dr Balram Bhargava told Union Health Secretary Preeti Sudan in the June 14 letter. It stated that Delhi has 40 RT-PCR testing labs in both public and private sectors. "The overall testing capacity of Delhi as on today is close to 18,000 samples per day. Testing remains a cornerstone in our fight against COVID-19 and therefore ramping up testing is essentially critical to track, trace and treat all cases of COVID-19," Bhargava said in his letter. According to the ICMR letter, symptomatic individuals who test negative should be definitely tested sequentially by RT-PCR to rule out COVID-19 infection, whereas a positive test should be considered as a true positive and does not need the confirmation by RT-PCR test. Standard Q COVID-19 Ag kit is available with the local vendor of SD Biosensor, the letter said, while mentioning the contact details. According to an ICMR advisory issued on Sunday, the Standard Q COVID-19 Ag detection can be interpreted as positive or negative after 15 minutes of putting the collected nasal swab into the well of the test-strip by appearance of test and control lines, which can be read with a naked eye, requiring no specialized equipment, it said. The maximum duration for interpreting a positive or negative test is 30 minutes. After that the test strip should be discarded, it said. The test kit should be stored at temperatures between 2° to 30° C. PLB TIR TIR

Centre tells Delhi to use rapid antigen detection kit for COVID-19 in containment zones, hospitals

New Delhi, Jun 18 () The Centre on Thursday pitched for a unified strategy for Delhi and its satellite cities to tackle the coronavirus pandemic, while the city government ramped up COVID-19 diagnosis by commencing testing through the rapid antigen method. While reviewing the coronavirus situation in Delhi-NCR, Union Home Minister Amit Shah said the satellite cities like Gurgaon, Noida and Ghaziabad cannot be separated from the national capital in this battle. "The home minister favoured a unified strategy for Delhi-NCR to tackle the coronavirus," a home ministry source said. Besides Chief Minister Arvind Kejriwal, Delhi Police Commissioner SN Shrivastava, senior officials of NCR districts and Ministries of Home and Health and ICMR attended the meeting. Shah assured the NCR districts that the central government will provide all support to them in their fight against the coronavirus pandemic, another source said. Delhi and its satellite cities -- an urban belt sprawling across three states -- has one of the highest population densities in the country. A large number of people reside in Delhi and work in the satellite cities or vice versa. The NCR comprises districts belonging to Haryana, Uttar Pradesh and Rajasthan, the prominent ones being Gurgaon, Faridabad (both in Haryana), Gautam Buddh Nagar (Noida) and Ghaziabad (both in UP). "In view of the structure of Delhi-NCR region, all concerned bodies need to unite and work on a common strategy against the coronavirus pandemic. In this context, I met with Delhi Chief Minister and senior officials of Center and Delhi-NCR today to discuss how to evolve a strategy as soon as possible," Shah tweeted. On the meeting by Shah with officials of Delhi-NCR, a home ministry statement said the minister said an expert committee decided the rates for COVID-19 beds and treatment in Delhi, and these could be applied in hospitals in the NCR cities after consultations. It would be better to conduct COVID-19 testing through the new rapid antigen methodology approved by the Indian Council of Medical Research (ICMR) which will ramp up the testing capacity and help in early diagnosis and treatment, he said. Shah also directed officials from UP and Haryana governments to submit information about COVID-19 beds, ventilators, oxygen cylinders, ICU and ambulances available with them and their plan to augment these resources by July 15 to the Union Home Ministry so that a common strategy can be devised in the NCR in the battle against the virus, the statement said. Shah said there was need to scale-up testing for COVID-19 and provide treatment to those found positive. The home minister also suggested that the NCR districts can consider adopting Rs 2,400 charge fixed for COVID-19 test in Delhi. Meanwhile, the national capital commenced the new rapid antigen test at 169 centres in and around containment zones of the city. A total of 341 teams are involved in rapid antigen testing which makes results available within 30 minutes, an official said. People with mild symptoms or no symptoms at all can get themselves tested, another official said. A total of 7,040 people were tested for coronavirus of which 456 turned positive, Deputy Chief Minister Manish Sisodia said. In the initial phase, tests will be conducted only on those who live in containment zones, he added. S G Kishan Reddy, Union Minister of State for Home, said the Centre plans to conduct six lakh rapid antigen tests at these 169 facilities. Kejriwal tweeted, "Two important things happened today. COVID-19 testing rates in Delhi have been reduced to Rs 2,400 and rapid-antigen testing has started. I hope people won't face any problem in getting themselves tested now." Those who came to get themselves tested at a centre in Sunlight Colony in southeast Delhi said the entire process took only about an hour. The centre started operating at 10 am and by around 5 pm 125 swab samples were collected, a healthcare worker said. "After arriving here, we went to the registration desk. After waiting for about half-an-hour, we were tested. The testing process took only five to seven minutes," Alex Samuel, 20, said, adding, "The authorities told us the results will be sent via SMS on Friday." A healthcare worker at the testing centre said each testing kit costs Rs 450 and can provide results within 30 minutes as compared to RT-PCR test that takes three to four hours. The kits, called Standard Q COVID-19 Ag detection, have been developed by South Korean company S D Biosensor. The testing method involves looking for antibodies which are produced when the body is exposed to a pathogen. If a person has antibodies associated with novel coronavirus, it means the person is either COVID-19 positive or has recovered. The home minister has had a series of meetings with Delhi Lieutenant Governor Anil Baijal, chief minister Kejriwal and senior officials in the last four days to strengthen Delhi's health infrastructure. On June 4, the Supreme Court had asked the Centre to convene a meeting of Delhi, Uttar Pradesh and Haryana for easing interstate movement at all borders in the NCR. It also observed that there should be a consistent policy in this regard for the NCR. The total number of coronavirus cases here stood at 47,102 on Wednesday, while the death toll stood at 1,904. ACB GVS BUN PR RDM RDM

COVID-19:Centre pitches for unified strategy for Delhi-NCR; Delhi ramps up testing with rapid tests

<div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/5abe619bf131653e008b45fc-2400/gettyimages-451577850.jpg" border="0" alt="RIO DE JANEIRO, BRAZIL - JULY 01: A U.S. fan spills while chugging a beer before the start of the U.S. match against Belgium at FIFA Fan Fest on Copacabana Beach on July 1, 2014 in Rio de Janeiro, Brazil. The U.S. lost the match 2-1 in extra time. (Photo by Mario Tama/Getty Images)" data-mce-source="Mario Tama/Getty Images" data-link="https://www.gettyimages.com/license/451577850" /><a href="https://www.gettyimages.com/license/451577850">Mario Tama/Getty Images</a></div></div></div><ul><li>The deputy director of the White House's Presidential Personnel Office (PPO) was "iced" at an office event.</li><li>"Icing" is a game in which a bottle of Smirnoff Ice is hidden, and when found, must be chugged while kneeling on the ground.</li><li>The PPO is reportedly understaffed and has become a common hangout spot for happy hour events during the Trump administration.</li></ul><hr />Employees at the White House's Presidential Personnel Office (PPO) "iced" the deputy director of the organization, according to a <a href="https://www.washingtonpost.com/investigations/behind-the-chaos-office-that-vets-trump-appointees-plagued-by-inexperience/2018/03/30/cde31a1a-28a3-11e8-ab19-06a445a08c94_story.html?utm_term=.57d17e59eade">report</a> from The Washington Post on Friday."Icing" is a game in which a bottle of Smirnoff Ice is hidden, and when found, must be chugged while kneeling on ground. At a happy hour to celebrate the deputy director's 30th birthday, he found the bottle of Smirnoff Ice and had to chug. The White House confirmed to The Post that happy hours and the icing game are common in the PPO, but not unique to that specific office.In addition, the PPO's office adjacent to the White House has become a hangout spot for young staffers, where they can eat snacks and smoke electronic cigarettes, also known as vaping.The report of the icing came amid concerns about the agency, which is tasked with vetting administration appointees. According The Post, the PPO has been understaffed while tasked with sifting through the records and qualifications of nearly 4,000 appointees, almost half of whom are required to be confirmed in the Senate.White House principal deputy press secretary Raj Shah shrugged off reported problems and understaffing at the PPO."Despite historic obstruction from Democrats in Congress, the Presidential Personnel Office is filling the administration with the best and brightest appointees who share the president's vision for the country," Shah said. "Staff work tirelessly and have experience consistent with the practice of previous administrations." <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/julian-ku-north-south-korea-reunification-2018-3">3 reasons why North and South Korean reunification is unlikely</a></h3> <div> <iframe class="bijwplayerclass" data-player="jwplayer" src="https://content.jwplatform.com/players/LrV53I54-CEZHWCBG.html" width="100%" height="100%" frameborder="0" scrolling="auto" style="margin:0px;" allowfullscreen=""></iframe><script>function receiveMessage(event){ console.log(event.data.fullscreen); Android.fullscreen(event.data.fullscreen); }window.addEventListener("message", receiveMessage, false);</script> </div> </div>

The office that staffs the White House has reportedly turned into a hangout spot where young staffers can go to 'vape' and play drinking games

<div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/5afa3ce4fe3eea29008b49d4-1920/kellyanneconwayfoxnews.png" border="0" alt="kellyanne conway fox news" data-mce-source="Screenshot via Fox News" data-mce-caption="Kellyanne Conway (right) appears on Fox News." data-link="https://twitter.com/FoxNews/status/996171104946450432"><a href="https://twitter.com/FoxNews/status/996171104946450432">Screenshot via Fox News</a>Kellyanne Conway (right) appears on Fox News.</img></div></div></div><ul><li>Kellyanne Conway suggested there may be a staff shakeup at the White House in the fallout from an internal leak that revealed an aide mocked John McCain.</li><li>That aide, Kelly Sadler, made headlines last week for remarking about McCain's brain cancer and brushing off McCain's criticism of President Donald Trump's pick to run the CIA.</li><li>Sadler reportedly said at the time that McCain's criticism "doesn't matter" because "he's dying anyway."</li><li>The White House issued a statement in support of McCain the same day, but has not yet offered a public apology, nor has it said whether Sadler would keep her job.</li></ul><hr> Kellyanne Conway hinted there may be a shakeup at the White House after the fallout from an aide's remarks <a href="http://www.businessinsider.com/white-house-staffer-kelly-sadler-accused-of-mocking-john-mccain-2018-5">mocking Arizona Sen. John McCain</a>, who is fighting brain cancer.During a Fox News interview on Monday, Conway pointed to internal leaks - like those which led to the revelation of Sadler's remarks - as being unhelpful to the administration. And when asked whether she thinks some heads would roll because of it,&#xa0;<a href="https://twitter.com/atrupar/status/996169679415709696">Conway said</a>, "I do, actually. Yes, I do."White House aide Kelly Sadler last week took a rhetorical swing at McCain after the ailing senator publicly criticized President Donald Trump's pick for the CIA, Gina Haspel. Haspel had earlier <a href="http://www.businessinsider.com/john-mccain-rejects-gina-haspels-cia-nomination-2018-5">raised some eyebrows</a> for refusing to say whether she believes the use of torture is immoral.According to multiple unnamed sources cited by various news outlets last week, Sadler had said it "doesn't matter" what McCain thinks because "he's dying anyway." The White House did not dispute the remarks, but issued a statement in support of McCain and his family at the time.The White House has not yet publicly apologized to McCain, nor has it said whether Sadler would keep her job. Instead, White House spokespeople, <a href="http://www.businessinsider.com/leaked-conversation-sarah-huckabee-sanders-lambasts-white-house-staffers-over-mccain-leak-2018-5">including Sarah Huckabee Sanders</a> and Raj Shah - <a href="https://twitter.com/realDonaldTrump/status/996129630913482755">and, on Monday, Trump himself</a> - have chastised "leakers."Conway doubled up on that line Monday evening, saying the Trump administration has had a problem with staffers "using the media to shiv each other.""That was going on quite a bit at the beginning of this administration, and it's less so, now" she said.<h2>Watch a portion of Conway's interview below:</h2><div><blockquote class="twitter-video" data-lang="en">Conway ends interview by remarking that she expects White House personnel changes as a result of the sort of leaks Trump denounced on Twitter this afternoon <a href="https://t.co/TAiweTNd6W">pic.twitter.com/TAiweTNd6W</a>- Aaron Rupar (@atrupar) <a href="https://twitter.com/atrupar/status/996169679415709696?ref_src=twsrc%5Etfw">May 14, 2018</a></blockquote><script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div> <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/what-happens-next-north-south-korea-peace-treaty-2018-4">What will probably happen with the North and South Korean peace treaty</a></h3> <div> <iframe class="bijwplayerclass" data-player="jwplayer" src="https://content.jwplatform.com/players/WjFBmKHL-CEZHWCBG.html" width="100%" height="100%" frameborder="0" scrolling="auto" style="margin:0px;" allowfullscreen=""></iframe><script>function receiveMessage(event){ console.log(event.data.fullscreen); Android.fullscreen(event.data.fullscreen); }window.addEventListener("message", receiveMessage, false);</script> </div> </div></hr>

Kellyanne Conway suggests a White House staff shakeup is coming after fallout over aide who mocked John McCain

Experts rate 12 vaccine claims by Robert Malone, the doctor catapulted to fame on Joe Rogan's podcast

<div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/5afaf237b9c4f91c008b4c81-1371/gettyimages-957425512.jpg" border="0" alt="Donald Trump" data-mce-source="Chip Somodevilla/Getty Images" data-mce-caption="Donald Trump." />Chip Somodevilla/Getty ImagesDonald Trump.</div></div></div><ul><li>President Donald Trump's order regarding Chinese telecom company ZTE came just days after the Chinese government moved to provide cash to a venture that will help the president's bottom line.</li><li>HuffPost first reported on the ordeal Monday.</li><li>Trump's ZTE order has been admonished by lawmakers in both parties.</li></ul><hr /> Within three days of the Chinese government agreeing to provide $500 million in loans to an Indonesian theme park that the Trump Organization has a deal to license President Donald Trump's name to, the president stunningly ordered sanctions be rescinded against a major Chinese telecom company.<a href="https://www.huffingtonpost.com/entry/trump-china-zte_us_5af9f701e4b0200bcab7fa66" target="_blank" rel="noopener">As HuffPost reported Monday</a>, the developer of that project just outside of Jakarta had secured the half billion in funding, in addition to another $500 million from Chinese banks, 72 hours before Trump's Sunday tweet on the Chinese telecom company ZTE. Trump's family business has a deal with that developer to include the Trump name on the resort, which also includes hotels and a golf course."President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast," Trump tweeted Sunday. "Too many jobs in China lost. Commerce Department has been instructed to get it done!"He added another tweet on the subject Monday, saying that ZTE "buys a big percentage of individual parts from U.S. companies.""This is also reflective of the larger trade deal we are negotiating with China and my personal relationship with President Xi," he wrote.<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/5afaff9dab624864008b4d55-833/ap17313196146990.jpg" border="0" alt="donald trump xi jinping" data-mce-source="Andrew Harnik/AP Images" data-mce-caption="US President Donald Trump and Chinese President Xi Jinping" />Andrew Harnik/AP ImagesTrump and Xi Jinping.</div></div></div>Instead of divesting from his businesses and placing them into a blind trust, Trump instead made an arrangement prior to taking office that put his two adult sons and a senior Trump Organization executive in charge of his interests, and the president continues to profit from them."You do a good deal for him, he does a good deal for you. Quid pro quo," Richard Painter, White House ethics lawyer for former President George W. Bush and currently a Democratic Senate candidate in Minnesota, told HuffPost. "This appears to be yet another violation of the emoluments clause of the Constitution."The foreign emoluments clause of the Constitution prohibits the president from receiving any payments from foreign governments."This is one of the most blatant examples of the problems that can arise when you have a president who refuses to divest his business interests and doesn't seem concerned about conflicts of interest," Larry Noble, the senior director and general counsel of the Campaign Legal Center, told Business Insider. "There is clearly an appearance of a connection between Trump looking to release ZTE from US imposed sanctions three days after the Chinese government and Chinese banks agreed to provide a total of $1 billion in loans to a resort licensing the Trump name from his company."Noble said if China's government made the loan guarantee in hopes of influencing Trump's decision, it would be in violation of the emoluments clause. If there was an agreement that the resort would get the loans in return for the president waiving the sanctions, it would cross into bribery.Meanwhile, the White House did not respond to HuffPost's questions about whether China's decisions regarding the Indonesian venture had any connection to Trump's ZTE move. Deputy Press Secretary Raj Shah referred questions about the project to the Trump Organization during Monday's press briefing. Reached by HuffPost, the Trump Organization said it was involved in the resort but did not answer questions about how much it would make from its deal with the developer.The recent actions against ZTE were labeled as not just trade enforcement, but a matter of national security. The company's phones were described as a security risk by the Pentagon and US intelligence agencies. Last year, the company, which is 33% owned by the Chinese government, was fined $1.2 billion for violating US sanctions against North Korea and Iran. The US government later banned the company from purchasing US parts for seven years after the conclusion was made that ZTE officials lied about their actions. In turn, that move led the company to essentially shut down.Trump's order was widely panned on both sides of the aisle. It came as a shock for some, as Trump had crusaded against Chinese trade practices on the campaign trail and in office, and has pushed his administration to aggressively take on those practices."You can't make this stuff up," Independent Sen. Bernie Sanders of Vermont <a href="http://www.businessinsider.com/bernie-sanders-trump-zte-china-sanctions-decision-2018-5" target="_blank" rel="noopener">tweeted Monday</a>. "Trump promised over and over again that he would bring back American jobs that have been outsourced to China. Instead of working to bring back outsourced jobs, he is now pledging to help create jobs in China."Trump recently enacted substantial steel and aluminum tariffs aimed to curtail oversupply of Chinese metals. Now, the Trump administration and the Chinese government are locked in negotiations over trade. The Wall Street Journal <a href="https://www.wsj.com/articles/u-s-china-discussing-deal-on-zte-agricultural-tariffs-1526313679">reported Monday</a> that <a href="http://www.businessinsider.com/trump-china-zte-reverse-agricultural-tariffs-2018-5" target="_blank" rel="noopener">in exchange for the removal of sanctions </a>on ZTE, China plans to drop tariffs on multiple US agricultural products that were leveled in response to those initial steel and aluminum tariffs. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/what-happens-next-north-south-korea-peace-treaty-2018-4">What will probably happen with the North and South Korean peace treaty</a></h3> <div> <iframe class="bijwplayerclass" data-player="jwplayer" src="https://content.jwplatform.com/players/WjFBmKHL-CEZHWCBG.html" width="100%" height="100%" frameborder="0" scrolling="auto" style="margin:0px;" allowfullscreen=""></iframe><script>function receiveMessage(event){ console.log(event.data.fullscreen); Android.fullscreen(event.data.fullscreen); }window.addEventListener("message", receiveMessage, false);</script> </div> </div>

You Searched For "shah s south korean" and got 12 results

Indian-American jeweller Monishkumar Shah indicted in multi-million dollar international trade fraud

PTI

From an industry leader to a defaulter: Rise and fall of Venugopal Dhoot

PTI

QR Code, colour-coded wristbands, standby medical teams secured the Ambani-Merchant wedding

PTI

Samsung India shuffles top management to expand footprint in the country

IANS

Former Paytm Money CEO launches his own financial services platform with an investment from Mirae, and several other major startup founders

Sanchita Dash

The Trump administration says it won't rule out hosting Kim Jong Un at the White House

Michal Kranz

Centre tells Delhi to use rapid antigen detection kit for COVID-19 in containment zones, hospitals

PTI

COVID-19:Centre pitches for unified strategy for Delhi-NCR; Delhi ramps up testing with rapid tests

PTI

The office that staffs the White House has reportedly turned into a hangout spot where young staffers can go to 'vape' and play drinking games

Joe Perticone

Kellyanne Conway suggests a White House staff shakeup is coming after fallout over aide who mocked John McCain

Bryan Logan

Experts rate 12 vaccine claims by Robert Malone, the doctor catapulted to fame on Joe Rogan's podcast

Hilary Brueck,Andrew Dunn

Trump's controversial ZTE order came days after the Chinese government provided millions to a Trump Organization-tied project

Allan Smith