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Watchdog: Kash Patel Raked in Millions Consulting for Entities Tied to Foreign Adversaries [1]

['Julia Ezell-Thomas']

Date: 2025-02-07 16:49:32+00:00

Patel also

consulted

for Elite Depot Ltd., the controlling entity of Chinese fast fashion retailer Shein. A recent Accountable.US

analysis found

Patel reported owning between one and five million dollars in stock in the company, which was received as payment for consulting. Elite Depot’s

board

is comprised of Shein executives and the company’s investors. Two of these investors—IDG Capital and Sequoia Capital—faced scrutiny from lawmakers last year for their reputed ties to the Chinese Communist Party and its military apparatus. In recent years, Shein has drawn bipartisan criticism over their business practices, including using forced Uyghur labor. Just this week, the Trump administration

considered adding Shein

to the Department of Homeland Security’s “forced labor” list. In May 2023, members of Congress

asked the SEC

to require Shein to certify that their products did not use forced Uyghur labor. Throughout 2024, politicians, including former Senator and current Secretary of State Marco Rubio, Senator Tom Cotton, and a coalition of state AGs, stated their concerns about Shein’s business practices.

[END]
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[1] Url: https://accountable.us/watchdog-kash-patel-raked-in-millions-consulting-for-entities-tied-to-foreign-adversaries/

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